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.
The polluted waterfront blocks in eastern Queens known as Flushing West are an industrial wasteland: vacant lots, warehouses, a scrap metal business, a lumber yard, a U-Haul rental. But the city hosted a meeting Wednesday night laying out its plan to rezone the 10-block swath along Flushing Creek and revitalize the area with new residential development.
Towards the end of August, the New York Times provided an update on Flushing Commons, a 1.8-million square-foot mixed-use development underway in downtown Flushing, and now Commercial Observer has the latest news on the project. The first phase includes an 11-story, 164,000 square-foot office building at 38-18 Union Street, and steel is now at the third floor above street level, with the structure expected to be complete by November 2016. F&T Group, The Rockefeller Group and AECOM Capital are developing, and Perkins Eastman is designing.