UPDATED, Dec. 19, 6:30 p.m.: McSam Hotel Group’s Sam Chang, who signed a deal this week to buy a Midtown Manhattan industrial property, filed permits today for a three-building, 557,400-square-foot project in Flushing, Queens.
Chang paid $26 million for the development site as well as a neighboring parcel at 40-70 Delong. The sites collectively hold 557,400 square feet, Chang said. The properties will hold both a hotel and two residential properties. A warehouse occupied by Flushing Building Material Supply currently sits on the site at 131-02 40th Road. [more]