The Real Deal New York

Posts Tagged ‘Willets Point’

  • Willets Point in Queens with Stephen Ross (inset)

    Plans to redevelop and revitalize the Willets Point auto-repair district in Queens have foundered in the face of court challenges and changing city priorities. [more]

    Comments
  • From left: Fred Wilpon, rendering of Willets West in Queens and Stephen Ross

    From left: Fred Wilpon, rendering of Willets West in Queens and Stephen Ross

    The Related Cos. and Sterling Equities’ plans for the Queens neighborhood of Willets Point received a potential death blow this week when the de Blasio administration decided not to appeal a state court ruling blocking the redevelopment. [more]

    Comments
  • A rendering of Willets West and Bill de Blasio

    A rendering of Willets West and Bill de Blasio

    After a New York state appellate court shut down plans to build a shopping mall and movie theater on a parking lot next to Citi Field earlier this week, Mayor Bill de Blasio has found himself in a difficult position. [more]

    Comments
  • Rendering of Willets West (credit: Queens Development Group)

    Rendering of Willets West (credit: Queens Development Group)

    A New York state appellate court halted plans by a group of developers, including public and private entities, to build a shopping mall and movie theater on a parking lot next to Citi Field. [more]

    Comments
  • From left: Rendering of the Willets Point redevelopment and automotive businesses at Willets Point

    From left: Rendering of the Willets Point redevelopment and automotive businesses at Willets Point

    A group of automotive businesses in Queens have settled a lawsuit with the city and the developers of Willets Point, creating a big step forward toward the realization of the Related Companies’ and Sterling Equities’ $3 billion residential development and mega-mall there. [more]

    1 Comment
  • rhee

    Robin Rhee and 131-01 39th Avenue in Queens

    Hanover, Md.-based Asian food distributor Rhee Brothers sold its flagship Korean grocery store Assi Plaza in Flushing, Queens, for $54.6 million, according to property records filed today.

    An affiliate of local hospitality development firm King’s USA Group bought the nearly 100,000-square-foot, two-story property at 131-01 39th Avenue, near College Point Boulevard and just across the canal from Willets Point. [more]

    Comments
  • willets

    Willets Point rendering (Inset: Sterling Equities’ Fred Wilpon and Related Companies’ Jeff Blau)

    UPDATED, 4:42 p.m., Aug. 20: A New York state Supreme Court judge rejected a lawsuit this week from opponents of the Willets Point mega-mall redevelopment who claimed that it violated state law. [more]

    Comments
  • Willets Point rendering

    Willets Point rendering

    Opponents of the Willets Point redevelopment claim that, before the city can transfer all the land for the project to developers, additional approvals from the mayor and the Queens Borough Board are needed.

    The $3 billion plan includes residential space and a mega mall and will displace hundreds of car repair shops currently located in the area. [more]

    Comments
  • Designs for Two Fulton Square in Queens

    Designs for Two Fulton Square in Queens

    UPDATED 3:40 p.m., June 19: New Yorkers can now take a look at the designs for a big new development that’s part of the Willets Point revitalization of Flushing, Queens.

    [more]

    1 Comment
  • From left: Willets Point auto repair shops and a rendering of the planned Willets Point redevelopment

    From left: Willets Point auto repair shops and a rendering of the planned Willets Point redevelopment

    The city has paid nearly $8 million to buy one of the remaining plots of Willets Point it does not control. [more]

    Comments
  • From left: Willets Point auto repair shops and a rendering of the planned Willets Point redevelopment

    From left: Willets Point auto repair shops and rendering of the planned Willets Point redevelopment

    A group of Willets Point business have agreed to accept roughly $2 million in relocation benefits to depart their industrial spots, thus making way for the Related Companies and Sterling Equities’ $3 billion redevelopment of the area. [more]

    1 Comment
  • From left:

    From left: Fred Wilpon, rendering of Willets Point and Tony Avella 

    Opponents of Sterling Equities and the Related Companies’ plan to construct a shopping mall atop the Citi Field parking lot in Flushing Meadows Corona Park have filed suit in Manhattan Supreme Court to halt the development. [more]

    3 Comments
  • related-willets-hudson-yards

    From left: Renderings of Willets Point and Hudson Yards

    Stephen Ross’ Related Companies received approval yesterday for a combined $120 million in tax exemptions for two of its largest projects — Hudson Yards and Willets Point.

    Although the city reviewed the request at a public hearing last week, the Industrial Development Agency made the final call, voting 12-1 in favor of granting Related’s request. The IDA board meeting will be the last one to be held during Mayor Bloomberg’s administration. [more]

    1 Comment
  • willets-point-avella

    Tony Avella and Willets Point rendering

    The Related Companies and Sterling Equities have requested $43 million in city tax breaks for their joint $3 billion redevelopment of Willets Point.

    The city will review the request at a public hearing tonight. Then, on Tuesday, the Industrial Development Agency will make the final decision, amid oppositions from residents and local politicians. [more]

    Comments
  • From left: Body shops in Willets Point and a rendering of the Willets Point redevelopment

    From left: Body shops in Willets Point and a rendering of the Willets Point redevelopment

    Soon-to-be-displaced business owners in Willets Point have one eye on the Bronx and another on Maspeth as possible sites for their relocation. [more]

    Comments
  • Willets Point

    Willets Point

    WEEKENDEDITION The city may use eminent domain to clear Willets Point, the 62-acre area by the Unisphere of Flushing Meadows-Corona Park used by hundreds of businesses, in order to clean up the blighted commercial zone. [more]

    4 Comments
  • willets-point

    Willets Point rendering

    The Queens Borough Board signed off Monday on Sterling Equities and the Related Companies’ acquisition of 23 acres for the $3 billion Willets Point redevelopment project.

    The City Council backed the project last month, but now the city’s $1 sale of land to the developers’ joint Queens Development Group LLC is official. Council member Julissa Ferreras was at first skeptical of the plan, but voted for it after concessions such as increased affordable housing and more funding for businesses’ relocation were made. [more]

    Comments
  • Sterling's Fred Wilpon and the Willets West retail center

    Sterling’s Fred Wilpon and the Willets West retail center

    An 18,000-square-foot business incubator is coming to the $3 billion redevelopment of Willets Point, Queens, spearheaded by the Related Companies and Sterling Equities. [more]

    Comments
  • Renderings of Willets Point and 5Pointz

    From left: Renderings of Willets Point and 5Pointz

    It’s been a banner day for megadevelopments in Queens. Related Companies and Sterling Equities scored approval to build a mall on the western parking lot of Citi Field, and David Wolkoff’s G&M Realty reached an agreement with City Council to build two condominium towers on the 5Pointz site in Long Island City. [more]

    Comments
  • From left: Rendering of Willets Point and Ruppert Playground

    From left: Willets Point rendering,d Ruppert Playground at 92nd/93rd streets between Second and Third avenues

    Two major Related Companies projects, the $3 billion Willets Point development and a 35-story luxury building on what is now Yorkville’s Ruppert Playground, are up for a crucial City Council vote today. [more]

    1 Comment
MENU