NYCEDC Announces New Flushing Commons Phasing Plan, Groundbreaking Expected This Fall
Two-Phase Plan Addresses Community Needs and Maintains Existing Parking Onsite While Construction Is Underway
New York City Economic Development Corporation (NYCEDC) today announced the approval of a construction phasing for Flushing Commons that will maintain over 1,100 spaces of existing parking on the site during construction, and also announced that groundbreaking on the project is expected this fall.
“Today’s announcement that construction on this transformative project is expected to begin this year is fantastic news for Flushing, Queens and the City,” said Seth W. Pinsky, President of the New York City Economic Development Corporation. “The new plan, which will maintain all existing parking spaces during construction, is the culmination of years of work to address community concerns. We now look forward to the start of this critical project that will create thousands of jobs and a major mixed-used destination, complete with open space and a brand-new YMCA.”
“I am extremely pleased that this new construction phasing plan will have less of an impact to the community, maintain parking and begin to transform downtown Flushing,” said Council Member Peter Koo. “I look forward to the completion of Phase One which will include community benefits such as the YMCA and public green space. Flushing Commons will provide local jobs, retail opportunities, modern residential space and community benefits. This development project will enhance our community and make Flushing a destination for everyone to enjoy.”
While the original proposal called for the development of the entire site at once which would have created the need to move the existing parking to elsewhere in the neighborhood, today it was announced that the project would be completed in two stages to allow the existing parking spots to be maintained on the North side of the site during the construction period. This will allow the surrounding businesses and their customers to continue to have the same access to parking spaces during the construction of the project as they do today. Upon completion of the entire project, an additional 500 parking spaces will be added, for a total of 1,600 spaces.
Additionally, it was announced that construction on the project is expected to begin this fall, and EDC expects to close with the developer this summer. It was also announced that both parts of the community facilities will be built as part of the first phase of the project: the 62,000 square foot YMCA - which will feature two pools, a full size gymnasium, and an indoor running track - and the 1.5 acres of open space, complete with a fountain plaza and amphitheater that will be maintained by the developer. Please see below for a complete breakdown:
- Approximately 160 units of residential
- Approximately 350,000 square feet of commercial
- A brand new 62,000 square foot YMCA with two pools, full size gymnasium/basketball court, and indoor running track
- 1.5 acres of open space with a fountain plaza and amphitheater to be maintained by the developer
- Approximately 450 units of residential
- Approximately 150,000 square feet of commercial
- 15,000 square feet of additional community space
NYCEDC has also set aside $2.25 million for a business interruption program to mitigate the impact of construction on the site to surrounding businesses. Eligible business owners will benefit from outreach and support from a third party provider to be determined by a Request For Proposals to be released this week. In addition, existing programs from New York City Small Business Services and NYCEDC will be maximized to support the impacted Flushing businesses.
Flushing Commons is an approximately $850 million redevelopment of a five-acre municipal parking lot in Flushing, Queens, that will transform the area into major mixed-use destination that will include a new YMCA and open space. The project is expected to create more than 2,600 construction jobs and 1,900 permanent jobs. Flushing Commons is a joint venture of The Rockefeller Group and TDC Development and Construction Corporation, a local Flushing developer.
New York City Economic Development Corporation is the City's primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City's many opportunities. Find us on Facebook or follow us on Twitter, or visit our blog to learn more about NYCEDC projects and initiatives.