Flushing Commons is a vibrant, mixed-use project that is poised to transform a 5.5 acre parcel in Downtown Flushing – formerly home to a municipal parking lot – into a dynamic mix of residential housing, commercial space, new retail opportunities, community facilities, a 1,600 space public parking garage and open space. Flushing Commons Property Owner, LLC completed the acquisition of the property from the City of New York in December 2013. Construction of this privately-financed, LEED-certified project will begin in the spring of 2014 and will create a total of 2,600 union construction jobs and 1,900 permanent jobs upon completion.
Improving on the original plan, the project will be built in two phases, which will reduce the level of construction and thereby reduce the traffic congestion in the area and eliminate the need for disruptive and dislocating offsite interim parking. This innovative phasing plan was developed in consultation with the New York City Economic Development Corporation and approved in 2013. Phase 1 is comprised of approximately 219,000 square feet of office and retail space, 150 units of housing, and a 982 space parking lot (note: in response to community concerns, and as a central component of the phasing plan, 1,144 parking spaces will be maintained on-site at Flushing Commons throughout construction). Phase 2 will include approximately 242,000 square feet of office and retail space, 450 residential units, 618 additional parking spaces, a state-of-the-art YMCA recreational facility, and a 1.5 acre public plaza, The Green at Flushing Commons. Phase 1 is expected to be completed by early 2017 and Phase 2 is expected to be completed by 2021.