News & Press

April 20, 2016

Power 100: Michael Lee and Sunny Chiu / Chairman and CEO and President of F&T Group (Commercial Observer)

F&T Groups founders Michael Lee and Sunny Chiu created the firm two decades ago with the mission of transforming Flushing into an Asian Times Square or Rockefeller Center. Today with nearly 5 million square feet of development activity in just Flushing alone, F&T Group is a major player in how Flushing has became a serious cultural hub. This March 18, F&T Group topped out the first building at Flushing Commons, a 1.8-million-square-foot residential, office and retail complex, being built in tandem with Rockefeller Group and AECOM Capital. The project includes a 164,000-square-foot office condominium for which sales launched in September 2015 and have nearly completely sold out. There will also be 600 luxury residential condos, a 62,000-square-foot YMCA, retail space and a 1,600-spot garage. The first phase of the project is expected to be completed in 2017.

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