The Real Deal New York

Yin Chou Hu planning 14-story, mixed-use building in Flushing

Permit application calls for 84 apartments, school space, offices and retail

September 25, 2015 11:32AM
By Ariel Stulberg

41-62 Bowne Street in Flushing

41-62 Bowne Street in Flushing

UPDATED, 1:04 p.m., Sept. 25: Yin Chou Hu, a Bayside-based Chinese developer, filed plans for a 14-story, 88,000-square foot building in Flushing.

The project at 41-62 Bowne Street will include 84 condominium apartments across just over 64,000 feet of residential space, about 754 square feet per unit. Seven apartments are planned for each of the third through 14th floors.

The building’s ground floor will contain offices and retail totaling about 12,000 square feet. And its second floor will house school facilities.

Demolition permits for the existing one-story grocery store at the site were filed last month.

Hu owns several properties in Flushing, including a development site on Northern Boulevard, which is slated for a 72,000-square-foot, mixed-use property. Hu is also one of the developers behind the Asiatic Hotel at 135-21 37th Avenue.

He bought 41-62 Bowne Street for $18.5 million earlier this month.

Angelo Ng & Anthony Ng Architects, who is also designing 141-26 Northern Boulevard, is the architect of record.

Anthony Ag said construction on the new project is slated to begin by the end of the year.

Yin Chou Hu was immediately available for comment.