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Half of Flushing Commons office condos sold

By Madina Toure

Less than a month after sales started, more than 50 percent of the units are in contract for Flushing Commons’ office-condominium building.

The building is part of a 1.8-million-square-foot mixed-use development currently underway.

Flushing Commons will turn the former municipal parking lot at 39th Avenue and Union Street into a mixed-use development that will include residential, office, retail, parking and community space. It will also include the first open-air public space in downtown Flushing.

Michael Meyer, president of F&T Group, a partner in the development, said the office building will be completed by October 2016 and that the residential building is scheduled to open in January 2017.

He said sales started in September about a week after Labor Day and that units have been “going like hot cakes.”

“The project’s going fabulously,” Meyer said. “We’re delighted. Flushing is thriving and we’re in good shape. We’re pleased. We’re very, very pleased right now.”

The Rockefeller Group and AECOM Capital are also partners in the development.

Flushing Commons has been designed by Perkins Eastman, with landscape architecture by Thomas Baisley Associates. The development is being built by Tishman Construction Corporation, an AECOM company.

The first phase consists of a 148-unit residential building, a commercial building with 75 office condos, and retail space.

The 164,000-square-foot office tower will be the first glass-curtain office tower in downtown Flushing. Condos in the 11-floor building will be between 1,200 gross square feet—the size of the unit plus the owner’s share of the common area—to 4,000 gross square feet and prices will run from roughly $1.38 million to more than $4 million.

The office lobby will feature a 24-hour staffed concierge desk with security, a state-of-the-art office directory and four dedicated high-speed elevators. Complimentary bike storage will be available as well.

Construction on the site began in June 2014. The office building is expected to be completed and ready to be occupied in the fourth quarter of 2016.

Reach reporter Madina Toure by e-mail at mtoure@cnglocal.com or by phone at (718) 260–4566.

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