Developer Yin C. Hu has already knocked down a Met Food grocery store to make way for a mixed-use tower at 41-62 Bowne Street in Flushing, and now YIMBY has a look at what the building will look like once it’s complete.
Last week, sales for the second tower at The Grand at Sky View Parc launched with $85 million worth of contracts, according to Curbed. The project includes three residential towers totaling 750 condo units, and will be built atop a previously constructed retail podium and parking garage at 135-14 Roosevelt Avenue, in downtown Flushing. Construction is underway for the first two towers, with completion expected in late 2016. The first tower is already 95 percent sold. Onex Real Estate Partners is developing and the interiors are being designed by Peter Clewes’ architectsAlliance.
He Fen Zhu, doing business as an anonymous LLC, has filed applications for a five-story, five-unit mixed-use building at 132-48 41st Avenue, in downtown Flushing, two blocks away from the 7 train’s stop at Main Street. The structure will measure a total 6,864 square feet, which includes 1,368 square feet for a health care facility on the ground and cellar levels. On the floors above, residential units will average 1,100 square feet apiece. James Cheng’s Flushing-based Urban Architectural Design is the applicant of record, and the site’s two-story predecessor was demolished last month.
Mar Mar Realty is placing their 37,000 square-foot bowling ally at 30-05 Whitestone Expressway, in Flushing, on the market as a development site for $60 million, according to Commercial Observer. The site measures 80,000 square feet and is currently zoned for manufacturing, but the owner is seeking a rezoning of the property to allow for a 386,000 square-foot mixed-use development, with commercial and residential uses. Cushman & Wakefield is marketing the property, and the rezoning could possibly take a year to secure.
Sam Chang’s Great Neck-based McSam Hotel Group has sold their development site at 40-70 Delong Street, in downtown Flushing, to Flushing Point Holdings LLC for $44.5 million, according to Commercial Observer. The property consists of two tax lots currently occupied by a two-story warehouse building, but boasts 394,930 square feet of commercial development rights or 557,549 square feet of rights with the inclusion of community facility space. Plans for the site have not been disclosed.
