Chinese developers built a condo right next to the Long Island Railroad and are calling it “The Flushing Highline”

Building plans first surfaced way back in 2006; sponsors want $60M for 28 units

New York /
Jan.January 10, 2018 12:20 PM

136-46 41st Avenue an a rendering of Flushing Main Street Station renovations (Credit: Google Maps and WIkipedia)

Two Chinese developers are pushing forward with a stalled development in Flushing they’ve dubbed the “Flushing Highline,” though by highline they appear only to mean “right next to an above-ground commuter train.”

Hua Yuan Development filed an offering plan for a 28-unit condominium project at 136-46 41st Avenue, New York State Attorney General records shows. The total offering price is just under $60.1 million for the apartments.

The developers first filed construction plans for a seven-story new building at the site 2006. Those plans also include eight commercial units, at least some of which will be medical offices, according to the construction permits. Google Maps photos show the project topped out several years ago.

When reached for comment, one of the condo plan’s sponsors, Chun Hua Xie, confirmed the development, but when asked other questions said he was not the owner and hung up the phone.

In 2016, Hua Yuan bought the site outright from its partner Goldstone Management for $17.8 million following Goldstone’s bankruptcy.

Numerous projects in the Chelsea neighborhood of Manhattan have copped the name of its chief tourist attraction, the Chelsea High Line, which consists of the remains of an elevated train line converted into a public park. No such attraction exists in Flushing, although the Long Island Rail Road does run on an elevated line near the site of the planned project on 41st Avenue and stops at the nearby Flushing-Main Street Station.

Boosted by growing demand from Asian buyers, Flushing’s condo market has been booming in recent years.


Related Articles

arrow_forward_ios
From left: Trinity Place Holdings’ Matthew Messinger and Macquarie Group’s Shemara Wikramanayake along with 77 Greenwich Street (Getty, Trinity Place Holdings, Macquarie Group, Google Maps)
Trinity Place gets extension to finish pandemic-slowed 77 Greenwich
Trinity Place gets extension to finish pandemic-slowed 77 Greenwich
East Hampton Town Supervisor Peter Van Scoyoc and 350 Pantigo Road (Zillow, Getty, Town of East Hampton)
Hamptons town could buy former department store land to build homes
Hamptons town could buy former department store land to build homes
From left: Silverstein Properties CEO Marty Burger; BedRock Real Estate Partners co-founder Tracey Applebaum; Council member Julie Won; a rendering of Innovation QNS in Astoria (Getty, BedRock Real Estate Partners, New York City Council)
Council approves Silverstein, BedRock’s $2B Innovation QNS
Council approves Silverstein, BedRock’s $2B Innovation QNS
43 Greenway Terrace in Forest Hills (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Zillow)
TRD Pro: Queens’ top 10 neighborhoods for Q3 home sales
TRD Pro: Queens’ top 10 neighborhoods for Q3 home sales
Silverstein Properties' Marty Burger, City Council Speaker Adrienne Adams, BedRock Real Estate's Tracey Appelbaum, City Council member Julie Won and Mayor Eric Adams with rendering of Innovation QNS (Silverstein Properties, Getty, New York City Council, Innovation QNS)
5 lessons from Silverstein’s Astoria deal
5 lessons from Silverstein’s Astoria deal
Long Island developer Robert DiNoto (Getty, Google Maps, Robert DiNoto)
Tri-state roundup: LI developer divests after guilty plea
Tri-state roundup: LI developer divests after guilty plea
Crime, money laundering,
Scammer posing as real estate developer sentenced for laundering
Scammer posing as real estate developer sentenced for laundering
(Photo Illustration by The Real Deal with Getty)
For richer or poorer: The hidden cost of low-income housing
For richer or poorer: The hidden cost of low-income housing
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...