The Real Deal New York

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
By Will Parker | January 10, 2018 12:20PM

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.

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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.