A Bayside developer has been tapped to transform a vacant Flushing property into a mixed use development.
The New York City Economic Development Corporation (NYCEDC) announced it has selected Success 88 LLC, headed by Betsy Mak, to turn an abandoned site at 135-15 40th Road into 12,000-square-feet of community, commercial and retail space.
“Flushing continues to thrive and this project […] will add to the community’s economic growth,” said Councilmember Peter Koo.
The current 5,000-square-foot building on the property was previously used as office space for the city’s Department of Sanitation until it was vacated in 2005 due to structural damage by adjacent construction, officials said.
The NYCEDC said Mak has a “long history of developing and renovating properties across the city,” including 30 projects in Queens. Her company, officials said, has agreed to hire locally to fill jobs generated by the project, as well as seek public input to determine how the community space will be used.
“Success 88 LLC is grateful for the opportunity to turn the property on 40th Road into a prominent structure that will fit well into downtown Flushing,” the company said in a statement. “We are anxious to begin this exciting project that will benefit the local community. Our hopes are to develop a multi-use and multi-functional building that will blend well into the neighborhood, and provide growth potential for local small businesses. This will provide an economic boost to Flushing by creating new opportunities and jobs.”
