Back in November of 2014, YIMBY revealed renderings of the planned 13-story, 88-unit mixed-use building at 142-38 37th Avenue, in downtown Flushing, located three blocks from the Main Street Station on the 7 train. The project, dubbed East West Tower, is still under development, as its developer, Long Island-based Kenny Liu, has recently submitted plans to the Attorney General’s office detailing the project’s estimated sellout. The building is being valued at $95.5 million by the developer, according to The Real Deal. The 160,122-square-foot structure will host 26,791 square feet of community facility space across the ground and second floors. That space will be split between 18 doctors offices. Residential condominium units will begin on the third floor and should average 731 square feet apiece. There will be a 142-car parking garage and a fitness center in the cellar. Maspeth-based Architects Studio is designing and construction is quietly underway.
Property owners ABS Management & Development and Babad Management are now placing on the market the 3.7-acre vacant development site at 39-08 Janet Place (a.k.a 131-35 Roosevelt Avenue), in Downtown Flushing. The Real Deal reports the site currently offers 870,000 square feet of development rights. A five-tower, 450-unit mixed-use project was approved by the city before the 2008 financial crisis. It was going to be built by LEV Development Group and was designed by Ismael Leyva Architect, but it never got off the ground. Today, the plot is subject to the proposed Flushing West Rezoning, and, if established, would be located within the rezoning’s special waterfront district. That means a future development may require the construction of a waterfront promenade along Flushing Creek (although we don’t know if the rezoning means that the site would get more development rights). The site doesn’t have an asking price, although brokers expect the site to generate more than $120 million.
In 2014, King’s USA Group acquired the two-story, 100,000-square-foot commercial building – dubbed Assi Plaza and located at 131-01 39th Avenue, in Downtown Flushing – for $54.6 million. Now, the developer is filing applications for a new two-story, 165,337-square-foot building with 58,349 square feet of commercial space, a storage component, and staging areas for transporting goods. Perkins Eastman would design the 51-foot-tall structure, but the new filings come just before the area could get rezoned. Last fall, YIMBY brought you the latest details on the Flushing West Rezoning and the site in question, located between College Point Boulevard and Flushing Creek, is at the center of the proposal’s special waterfront district. In other words, the site could eventually accommodate mixed-use buildings of up to 10 or 14 stories. Plans for the site are probably not set in stone, and the rezoning’s public review process is expected to kick off this spring. Permits to demolish the existing commercial building were filed in February.
Back in April 0f 2015, the Department of City Planning selected Brooklyn-based Monadnock Development to build an all-affordable residential building with commercial space at the parking lot at 133-45 – 133-55 41st Avenue, in Downtown Flushing. Now the developer has filed applications for the project, which will rise 10 stories and contain 232 residential units. The new building, dubbed One Flushing, will encompass 286,193 square feet, and ground-floor commercial-retail and community facility space will total 28,864 and 13,872 square feet, respectively. Apartments will begin on the second floor and should average 792 square feet apiece.
Property owner Wai Li has filed applications for a four-story, 7,810-square-foot commercial building at 131-34 41st Avenue, in Downtown Flushing, located six blocks from the Main Street stop on the 7 train. The new building will boast 7,360 square feet of commercial space and will have warehouse space on the ground floor, office space on the second and third floors, and a “caretaker apartment” on the fourth floor. Flushing-based John C. Chen Architect PLLC. is the architect of record. The project would rise on a 45-foot-wide lot which is currently occupied by a two-story auto shop business. Demolition permits have not been filed yet to knock it down.