One more great project heading to Flushing
The fast expansion of property amount in one of the oldest districts in Queens — Flushing, which is located near Murray Hill.
In accordance with programmes that were confirmed to the Building Department on «Tuesday», the 131-01 39th Avenue project will hold about 664,000 sq.ft, 339.000 sq.ft of which will take the houserooms, 314,000 sq.ft for mercantile premises and 11.000 sq.ft for public premises. The construction will consist of 19 floors, the height will be 245 feet, which will include 368 living places.
Queens' planner Andy Zhu marketed website in 2017, setting a price of $115 mil to realty contributor Yuku Min Yipu. In the past this is the Korean shopping mall «Assi Plaza», which owns about 600,000 sq.ft of construction license.
In 2015, Zhu acquired a plot, which cost him $78 mil, in whuich he conceived a multi-purpose building, which would include 360 apartments, a house of entertainment with 200 rooms, medical care offices and a place to shop, including retail outlets. Realty lies not far from 3.7-acre area acquired by Queens planner Chris Sue in 2016, which cost him approximately $100 mil.
Spokesman of Yip received appeal for commentary, but no answer was given.
Flushing's similar designs are complex structures, covering an area of at least 300,000 sq.ft from Kimco Realty, located on Kissena Boulevard, 46-15 and a multifunctional structure with 101 units located on 35 Avenue, 134-37 from Century Development Group.