News & Press

October 01, 2015

Flushing in flux (The Real Deal)

On a recent weeknight, three shiny Mercedes slowly eased through a short block in downtown Flushing, the drivers’ eyes patrolling for open parking spots. Hands heavy with shopping bags, passengers streamed in and out of the 7 train station, and a group of college-aged friends made their way to a Michelin Guide-recommended dumpling shop, nestled on a one-story retail strip that now lies between two new high-rises. This is Flushing in flux: luxury condos, name-brand retail and hotels, and office space are bringing more people — and more real estate speculation — to the area. “What I like to call the ‘Renaissance of Flushing’ is happening right now,” Richard Siu, the chief investment officer of Flushing-based developer F&T Group, told The Real Deal.

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