The long-delayed Flushing Commons project is finally starting this fall, with accommodations for parking and small business, the New York City Economic Development Corporation (NYCEDC) has announced.
The $850 million project, a decade in the making, got the green light Tuesday, March 12, and construction is planned to start later this year. The two-phase project will include more than 600 residential units, 500,000 square feet of commercial space and one of the largest YMCAs in the country.
“The new plan, which will maintain all existing parking spaces during construction, is the culmination of years of work to address community concerns,” said NYCEDC President Seth Pinsky. “We now look forward to the start of this critical project that will create thousands of jobs and a major mixed-used destination, complete with open space and a brand-new YMCA.”
More than 2,600 construction jobs and 1,900 permanent jobs are projected to come from this project.
A deal between the city and developers, The Rockefeller Group and Flushing-based TDC Development and Construction Corporation, is expected to be inked sometime this summer, according to the NYCEDC.
When the project is complete, there will be a total of 1,600 parking spaces, a 500-slot increase from what is currently there.
To ease parking problems and not disturb business, the project was split into two phases beginning first with the south side.
The 62,000-square-foot YMCA, with two pools, a full-size gym and an indoor running track, will headline the first phase of the project. Other components include 160 units of housing, 350,000 square feet of commercial space and a 1.5 acre space with a fountain plaza and amphitheater.
Phase 2 will have an additional 450 housing units, another 150,000 square feet of commercial space and 15,000 square feet of community space.
Borough President Helen Marshall said the phase split “also addresses the need for adequate parking during construction.”
Surrounding small businesses that could be affected by construction might be eligible for EDC’s business interruption program. The program, with $2.25 million set aside, can help eligible business owners with outreach and other means.