Flushing Commons will bring open space, a new community venue, residences, and retail opportunities to Downtown Flushing in Queens.
The formerly City-owned municipal parking lot will be redeveloped into a mixed-use destination that will provide housing, community space, public open space, office, and retail opportunities for the community.
The Flushing Commons project includes:
- 1.5-acre town square of open space with a fountain plaza
- Approximately 600 residential units
- Approximately 500,000 square feet of commercial space, including local and national restaurants and retailers, as well as office space
- 62,000 square-foot YMCA facility
- 15,000 square feet of additional community facility space
- Parking for 1,600 cars at below market rates for several years of initial operations
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 partnership between TDC Development and Construction Corporation, a local Flushing developer, The Rockefeller Group, AECOM Capital, and Mount Kellett Capital Management. 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. The first phase of the project will break ground in January 2014 with construction completion targeted for April 2017. Phase 2 of the project is anticipated to commence construction in 2018.
Additionally, as part of its ongoing commitment to the community, NYCEDC is spearheading the Flushing Small Business Assistance Program to mitigate the impact of construction of Flushing Commons on surrounding businesses. NYCEDC has selected Asian Americans for Equality (AAFE), a community-based non-profit, to run the business assistance program. AAFE providing direct marketing, business counseling and financial assistance services to eligible businesses in the vicinity of Flushing Commons. NYCEDC will provide $2.25 million of funding for the program.