Last week, the New York City Council approved a Flushing waterfront development set to cost $2 billion. The massive mixed-use project, which includes housing, commercial retail and office space, and hotel lodging, is being developed by a joint partnership between United Construction & Development Group, F&T Group, and Young Nian Group. The master plan, designed by Hill West Architects, will develop 29 acres of land bound by Flushing Creek, Northern Boulevard, College Point Boulevard, and Roosevelt Avenue, as well as upgrade the neighborhood’s public waterfront access.
As reported by Bisnow, the approval comes at the hands of the Committee on Land Use and the Subcommittee on Zoning and Franchises, which green-lighted the project on the condition of an agreement with the New York Hotel and Motel Trades Council. The proposal also faced backlash from council members due to the minimal addition of affordable housing, approximately 90 units out of a total 1,725 housing units.
In an interview with YIMBY, John Liang of Young Nian Group said the plan is to knit together Downtown Flushing and the Flushing Creek waterfront, positioning Flushing as a destination and creating numerous jobs. The office and community facilities comprise approximately 400,000 square feet, as well as 287,000 square feet of retail space and 687,250 square feet of hotel space.