In Flushing: Upscale Condos and Retail
For much of the city’s Asian community, the center of New York City is not in Manhattan, but in downtown Flushing, Queens, the bustling shopping district at the end of the No. 7 subway line. Soon this crowded commercial hub will grow even busier as sales start early next month at Flushing Commons, a mixed-use development that has been in the works for a decade.
Condos at New Flushing Megaproject Will Start at $650K
An article in the Times about Flushing Commons, the 1.8 million-square-foot megaproject in Queens that is finally on the rise after a decade of delays, reveals, among other things, pricing details for the project's 600 new condos. One-bedrooms will start at $650,000, two-bedrooms at $850,000, three-bedrooms at $1.2 million, and four-bedrooms at $2.5 million.
Under Construction: Office Condos at Flushing Commons
The developer and owner’s mega-project under construction, called Flushing Commons—a 1.8-million-square-foot residential, retail and office complex in the northeast Queens neighborhood—is starting with construction of a glassy office condominium building at 38-18 Union Street at 39th Street. It’s being developed with The Rockefeller Group and AECOM Capital.
Half of Flushing Commons office condos sold
Less than a month after sales started, more than 50 percent of the units are in contract for Flushing Commons’ office-condominium building. The building is part of a 1.8-million-square-foot mixed-use development currently underway.
Flushing Has Seen an Influx of Luxury Condos, But Will Luxe Retail Follow?
In Flushing, the neighborhood located at the very last stop of the 7 train in Queens, condominium prices having been climbing dramatically over the past few years. In the Downtown area, which is home to the city’s second-largest Chinatown, many condo units have traded for over an eye-popping $2 million a piece.
Flushing Commons Complex Reaches New Heights
A major real estate project reaches new heights in its construction. The Flushing Commons complex developers finished the first phase of development Friday. The final beam was placed on two high-rise buildings which stand at 14 and ten stories tall each
Amid the crush of Main Street in Flushing, Queens — a highly trafficked strip considered by locals as one of the neighborhood’s main arteries — the sounds of active construction from nearby developments add a buzzing pitch.
Yet as buzzy as it may be, the area’s volume is likely to rise even further as a slate of new area projects come into the pipeline.
A Queen’s ransom: The priciest new Queens developments by total sellout
Though nowhere near the stratospheric prices seen in Manhattan, new projects in Queens with residential components are making their mark.
Flushing Commons, with a projected sellout of $386 million, is the most expensive new project in the borough, according to an analysis by The Real Deal. The project, with 148 apartment units, appears to be the priciest offering in the borough since at least 2000. Phase one of the condominium, which is being developed by F & T Group, The Rockefeller Group and AECOM Capital, broke ground in 2014. The development will also feature 75 office condos priced from $1.38 million to over $4 million.