Sales kick off to fill massive retail space at new mixed-use Flushing development

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Photo courtesy of Monadnock Development

Over 20,000 square feet of retail space is up for grabs at an under-construction downtown Flushing building.

Developers for the mixed-use One Flushing development at 133-45 41st Ave. are now looking for commercial tenants to fill 22,000 square feet of available retail space. All retail spaces are located at street level and range from 300 square feet to 6,000 square feet.

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The development also contains 232 affordable residential apartment units, a 156-car public parking garage and 20,000 square feet reserved for a community space.

The building is being erected on a city-owned public parking lot, known as Municipal Parking Lot 3. The New York City Department of Housing Preservation and Development released a Request for Proposals (RFP) for the site in 2014. It is being developed under Mayor Bill de Blasio’s “Housing New York” plan.

Construction on the building is ongoing and expected to be completed in early 2019. The development is adjacent to the Flushing-Main Street LIRR Station and around the corner from the 7 train.

Renaissance Economic Development Corporation, an affiliate of group Asian Americans for Equality, has allocated up to $2 million to finance qualified small businesses interested in moving into the site. HANAC Inc. and Monadnock Development are also part of the One Flushing development group.

“One Flushing represents an incredible opportunity for the neighborhood to bring community, commerce, and convenience together around a transit hub,” said Frank Dubinsky, vice president of Monadnock Development. “We’re thrilled to open One Flushing in early 2019 and look forward to welcoming retail tenants that contribute to its vibrancy and the Flushing community.”

The space is represented by Fultonex Realty’s Bill Seto, who called One Flushing “a new wave of retail in Flushing.”

“With a great location in an incredible building with a live-in audience, parking and some of New York’s busiest streets, the shops at One Flushing will become a destination for residents, tourists and the neighborhood alike,” he said.