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Massive Flushing development site to go on sale

Flushing Massive development site
THE COURIER/Photo courtesy of Scott Bintner

UPDATED: 1/23 1:38 p.m.

Flushing is poised for the sale of large development site.

The property across from the Sky View Parc complex will be going on sale, New York YIMBY reported. The seller, ABS Flushing Development, bought the property in 2006 for $26 million.

The land at 131-35 Roosevelt Ave. had Buildings Department approved plans in 2008 for a major development, which included four mixed-use buildings at 16 stories. Originally designed by Ismael Leyva Architects and called River Park Place, the project would have had 457 apartments.

Renderings of the project are still posted on the architect’s website.

River Park Place will not be the only major development site in Flushing to see time on the market.

Last year, the second phase development rights of Flushing’s Sky View Parc luxury condo project, which included approved plans for a three-building residential complex, was listed for sale by Massey Knakal. The property was reported to have asking prices of more than $100 million.

However, Onex Real Estate Partners, the team that designed phase 1 of the Sky View Parc condominiums, retained the site and will go ahead and develop the second phase of the project, which includes more than 800 luxury condos in nearly 750,000 square feet.

“We are eager to bring the next chapter of this thriving community to fruition,” a representative of Onex said.

UPDATE: Previously not mentioned, Onex Real Estate Partners will develop the second phase of the Sky View Parc condos project. 

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Photo courtesy of Massey Knakal

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