Statement of Mayor Michael R. Bloomberg on the Start of Public Approval Process for Flushing Commons in Queens
City Initiates Seven-month Review Process for $800 Million Transformation of Five-Acre Parking Lot into Major Housing and Retail Complex That Will Include a New YMCA and Open Space and Create 2,000 Permanent Jobs and More than 2,600 Construction Jobs
“After years of hard work and community involvement, the Department of City Planning has begun the public review process for the Flushing Commons project, an $800 million privately financed project that will transform a five-acre parking lot into a dynamic mixed-use, LEED-certified urban center that will include housing, new retail options, improved parking facilities, hotel or office space, and a new state-of-the-art YMCA, all anchored by a 1.5-acre landscaped ‘town square.’ Together with the Macedonian African Methodist Episcopal Church’s affordable housing component of the development, it will create approximately 2,000 permanent jobs and 2,600 construction jobs, mostly for local residents.
“The continued input from City representatives, local elected officials and community leaders, combined with the commitment from the developer, which is investing more than $800 million in private capital, is a great example of what can be accomplished when the public and private sector collaborate. We look forward to continuing to work with community representatives, the local Community Board, the Borough President, the City Planning Commission and the City Council as the project goes through the public review process.”
Flushing Commons is being developed by Flushing Commons LLC, a joint venture of TDC Development and Construction Corporation, a local Flushing developer, and the Rockefeller Group of Manhattan. They were selected for the project as a result of a Request for Proposals issued by New York City Economic Development Corporation.