Flushing Commons will bring open space, a new community venue, residences, and retail opportunities to the neighborhood.
Overview
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:
- 1.5-acre town square of open space with a fountain plaza to be maintained by the developer
- Up to 620 residential units
- Up to 275,000 square feet of retail space including local and national retailers and restaurants
- Up to 234,000 square feet of office and/or hotel space
- Up to 36,000 square feet of community facility space
- 62,000 square-foot YMCA facility
- Parking for 1,600 cars at below market rates in response to community requests
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.
