Queens: The land of mega projects

(The Real Deal) There are more than a dozen bridge, tunnel, subway and ferry routes between Manhattan and Queens, and residential developers want you to know it.

Overall, there are more than 22 million square feet under development in Queens, according to The Real Deal’s analysis of building permits and offering plans filed between Jan. 1, 2011 and July 31, 2015. That pipeline is expected to bring more than 24,000 residential units to the borough, TRD found.

But some say that number may be even higher, since official plans haven’t been filed yet for some of the mega-projects set to rise along the Queens waterfront.

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Flushing Commons Gets New Rendering, First Phase On Track For 2017 Delivery

(YIMBY) Early in 2014, YIMBY revealed renderings of Flushing Commons, a 1.8-million square-foot mixed-use development coming to downtown Flushing, located on the former municipal parking lot between 37th and 39th Avenues, and Union and 138th Streets. Last summer, the developersbroke ground on phase 1, which includes 148 condominiums and 220,000 square feet of commercial space, and now The New York Times has an updated rendering, showing buildings with slightly more glass than before.

Phase one will finish in 2017, and by mid-2021, an additional 452 units, 280,000 square feet of commercial space and 77,000 square feet of community facilities will be complete. Condos will start at $650,000 and will cater to Chinese buyers. Perkins Eastman is designing, and F&T Group, The Rockefeller Group and AECOM Capital are developing.

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Condos at New Flushing Megaproject Will Start at $650K

(Curbed) An article in the Times about Flushing Commons, the 1.8 million-square-foot mega-project in Queens that is finally on the rise after a decade of delays, reveals, among other things, pricing details for the project’s 600 new condos. One-bedrooms will start at $650,000, two-bedrooms at $850,000, three-bedrooms at $1.2 million, and four-bedrooms at $2.5 million. The first phase of the project is expected to be completed in 2017, and will bring with it 148 of those 600 condos, along with offices and retail. The entire project’s completion date has been pushed back (inevitably) from 2020 to mid-2021.

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In Flushing: Upscale Condos and Retail

(New York Times) For much of the city’s Asian community, the center of New York City is not in Manhattan, but in downtown Flushing, Queens, the bustling shopping district at the end of the No. 7 subway line. Soon this crowded commercial hub will grow even busier as sales start early next month at Flushing Commons, a mixed-use development that has been in the works for a decade.

The first phase of the 1.8 million-square-foot project will be finished in 2017, delivering 148 residential condos as well as office condos and retail. Eventually, the complex of more than five acres will house a total of 600 residential condos, an outdoor plaza and a new Y.M.C.A. facility. Completion is scheduled for mid-2021.

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Queens is becoming the spot for authentic Asian food

(New York Post) Developer Helen Lee is expanding her “curated collection” of authentic Asian eateries at her new One Fulton Square complex — a massive space in Flushing with offices, retail, a hotel and residential luxury condos that is drawing buyers from China and foodies from Manhattan.

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F&T Group and Roux Awarded at the 2015 Big Apple Brownfield Awards Ceremony

On Tuesday, April 28, 2015 the One Fulton Square Project Team that included F&T Group and Roux Associates was awarded two 2015 Big Apple Brownfield Awards by the NYC Brownfield Partnership. The NYC Brownfield Partnership presents awards for successful NYC brownfield redevelopment and clean-up projects every year. The awards were for Economic Development and Brownfield Opportunity Area Connectivity for the One Fulton Square Project.

The project started in Feb 2011 and is one of the largest projects in the NYC Voluntary Cleanup Program (VCP). The property, located at the intersection of 39th Avenue and Prince Street in Flushing, Queens, was formerly occupied by an auto body repair shop, a gasoline filling station and a parking lot. The property was vacant for 10 years prior to enrollment in the VCP.

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Developers finally break ground on Flushing Commons

The wait for work to start on the long-delayed Flushing Commons project is over.

Developers announced the beginning of construction on the $1 billion project at a groundbreaking ceremony Monday.

“After years of hard work, ingenuity and tenacity, Flushing Commons becomes a reality,” said Michael Meyer, head of F&T Group. “But only because of the people in so many spheres who contributed.”

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One Fulton Square Hyatt opens for business

The first part of the $125 million One Fulton Square development has opened in downtown Flushing.

Hyatt Place, a 168-room hotel, opened its doors last week and joined a growing number of hotels in the neighborhood.

“Flushing continues to undergo an incredible transformation and thrive economically and we are excited to add to the community’s momentum by teaming up with Hyatt Place brand,” the owner of the hotel, Jennifer Chiu, said.

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