PROJECT HIGHLIGHTS Borough: Queens Mixed-use development: residences, retail, hotel, community center, recreational facilities $500 million approximate total development cost 2000 construction and 2000 permanent jobs created New town square open space

The 5.5 acre City-owned parcel, currently home to a municipal parking lot, will be redeveloped to create new residential opportunities and generate economic and fiscal benefits to the City in the form of economic activity and tax revenue.

The proposed $500 million Flushing Commons project includes:

• One-acre town square of open space with a fountain plaza to be maintained by the developer
• Parking for 2,000 cars at below market rates in response to community requests
• 50,000-square-foot recreational center featuring amenities such as a swimming pool, basketball courts and an exercise room with memberships available to community residents
• Business-class hotel with meeting rooms and banquet facilities
• About 500 residential units, with 20% marketed to seniors
• 350,000 square feet of retail space including local and national retailers, restaurants and a multi-screen cinema
  

Development of Flushing Commons is expected to create more than 2,000 construction jobs and 2,000 permanent jobs, incorporating low impact development techniques and green building technologies.

Flushing Commons is a joint venture of The Rockefeller Development Corporation of Manhattan and TDC Development and Construction Corporation, a local Flushing developer. The developers are committed to hiring from the local community and will create a comprehensive strategy to identify local businesses and residents to work on the project during and after construction.