An undisclosed buyer has acquired, for $13 million, the 28,350-square-foot development site at 159-18 Northern Boulevard, located between 159th and 160th streets in Flushing’s Murray Hill section. The site is currently occupied by a two-story commercial building, a former branch of Flushing Bank, Crain’s reported. If the existing structure is demolished, the site could accommodate a maximum 56,700 square feet of development. Nearly 38,273 square feet could be used as residential space, whereas up to 28,350 square feet could be commercial space. Any amount, up to 56,700 square feet, could be used as community facility space. Plans for the site have not been disclosed.
An anonymous Queens-based LLC has filed applications for a four-story, 10-unit mixed-use building at 31-47 137th Street, located on the corner of 32nd Avenue in downtown Flushing. The project will measure 14,986 square feet. It will contain 2,473 square feet of medical offices on the ground floor, followed by 10 residential units across the second through fourth levels. The apartments should average 765 square feet; in Flushing, units of this size could indicate either condominiums or rentals. Hui Zeng’s Bayside-based ABC Engineering is the applicant of record. The lot is currently vacant.
In September, YIMBY revealed renderings of Flushing Point Plaza, a three-building, 19-story development headed to 131-02 40th Road in western Flushing. Yesterday, plans were filed for a 19-story hotel, the third and final piece of the project.
Construction is well underway on a four-building, 1.2-million-square-foot mixed-use development, dubbed Tangram, in downtown Flushing. The project is located on much of the block bound by College Point Boulevard, Prince Street, and 37th and 39th avenues. Work appears to be above street level on the 13-story, 192-unit residential building at 133-27 39th Avenue. The condominium residential units in this building should average 987 square feet, per the latest building permits. Also under construction is a four-level, 377-car underground parking garage.
Corona-based United Construction & Development Group has entered into contract to purchase the vacant, 3.7-acre mixed-use development site at 131-35 Roosevelt Avenue, a.k.a. 39-08 Janet Place, in downtown Flushing. The sale is expected close for more than $100 million, The Real Deal reported. The site can accommodate up to 870,000 square feet of mixed-use development. In fact, plans for four 16-story towers, connected by a common base, were approved in 2008. That would include 457 residential units, 313,000 square feet of commercial space, and 7,500 square feet of community facility space. It’s unclear whether the next owner will move forward with those plans, but United has reportedly met with the Ismael Leyva Architects, who was responsible for them.