Flushing Commons will bring open space, a new community venue, residences, and retail opportunities to the neighborhood.
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 $850 million Flushing Commons project includes:
Development of Flushing Commons is expected to create more than 2,600 construction jobs and 1,900 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.
On August 4, 2010, the project completed its seven-month public approval process.