The Real Deal New York

Sam Chang plans hotel, resi for 557K sf Flushing site

Developer paid $26M for parcel and neighboring one
By Mark Maurer | December 05, 2014 01:37PM

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.

Chang is planning to a build a 16-story, 277,400-square-foot hotel with 390 rooms. There would also be a ground-floor community facility and retail space and a 236-car attended parking garage.

The two 15-story residential buildings will each span nearly 140,000 square feet and hold 111 apartments. It is unknown if the 222 total units will be rentals or condominiums.

Long-time Chang collaborator Gene Kaufman is serving as the architect, documents show.

The McSam chief also agreed this week to purchase a 12-story industrial building for $22.5 million, as previously reported.

Kyna Doles contributed to this article.

  • Hairdresser

    Dat hair…

    • patmgee

      What hair? This is the axis of evil right “hair”

  • john frank

    Oh no! Not another Sam Chang hotel. Watch out for some oddly colored designs and structure to scare the surrounding landscape. Hopefully its in good taste.

    • Marc

      It’s in flushing. It will smell like fishies.

  • David Lohr

    Michael Bloomberg is shorter than Sally Struthers, which makes him under 5ft tall
    without his lifts. Martha Stewart, is too powerful for this little Big man.