Permits were first filed for a mixed-use building by King’s USA Group at 70-40 45th Avenue in Elmhurst, Queens back in 2016. Now, new applications show a major update. The site is located along the major residential Queens Boulevard thoroughfare. Eight blocks away is the Roosevelt Avenue subway station, serviced by the 7, E, F, M, and R trains.
King’s USA Group
In 2014, King’s USA Group acquired the two-story, 100,000-square-foot commercial building – dubbed Assi Plaza and located at 131-01 39th Avenue, in Downtown Flushing – for $54.6 million. Now, the developer is filing applications for a new two-story, 165,337-square-foot building with 58,349 square feet of commercial space, a storage component, and staging areas for transporting goods. Perkins Eastman would design the 51-foot-tall structure, but the new filings come just before the area could get rezoned. Last fall, YIMBY brought you the latest details on the Flushing West Rezoning and the site in question, located between College Point Boulevard and Flushing Creek, is at the center of the proposal’s special waterfront district. In other words, the site could eventually accommodate mixed-use buildings of up to 10 or 14 stories. Plans for the site are probably not set in stone, and the rezoning’s public review process is expected to kick off this spring. Permits to demolish the existing commercial building were filed in February.
Queens Boulevard in Elmhurst has become the center of the neighborhood’s construction boom, as developers try to cater to the growing immigrant communities in eastern Queens. And one developer has filed plans for a 10-story residential building with retail and community facilities at 70-40 45th Avenue, just off the major 12-lane artery.