Kimco is bringing a 244-unit, mixed-use project to Flushing

Project to span more than 300K sf

Jan.January 07, 2019 02:30 PM

A rendering of 46‐15 Kissena Boulevard (Credit: S9 Architecture via YIMBY)

Kimco Realty plans to build a more than 300,000-square-foot, mixed-use building in Flushing, Queens.

The developer filed plans for 46‐15 Kissena Boulevard, calling for 244 residential rental units spanning across 244,000 square feet and another 58,000 square feet for retail, New York YIMBY reported. Between 25 and 30 percent of the apartments will be affordable. On the second floor of the building, space is being set aside for a 15,675-square-foot community center.

Meanwhile, Flushing has been awash with new residential condo developments. In addition to units at Flushing Commons, three of the priciest Queens condo filings last year were in the neighborhood. That includes Century Development Group’s plans for a 101-unit residential, hotel and retail development at 134-37 35th Avenue and Pinnacle Group’s plans to convert a 144-unit rent-stabilized building at 142-20 Franklin Avenue into condos, with an average unit price of around $524,000.

Kimco’s project, which is named the Kissena Center and will replace an existing shopping center, is being designed by S9 Architecture.

Property records show that Kimco purchased the property in 2007 from the National Birchwood Association for $14 million. [Yimby] — Kathryn Brenzel

Related Articles

Judge Janet DiFiore and Judge Rowan Wilson (Credit: iStock, New York State Courts)

High court decision has tenants stewing, landlords oohing

US Steel’s sprawling South Works site is about the size of Downtown Chicago. At left, Common, who wants to partner with developers on a mixed-use entertainment district there, and Dan McCaffery, whose vision for a 13,000-home community fizzled out. (Credit: Common by Paras Griffin/Getty Images; McCaffery via McCaffery Interests; aerial by Cushman & Wakefield)

South Works, the 415-acre “magnificent property,” is Chicago’s biggest development opportunity

Sharif El-Gamal (Photo by Desiree Navarro/WireImage)

WATCH: Developer Sharif El-Gamal has Covid-19. But he’s one of the lucky ones

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

Governor Andrew Cuomo (Photo by Spencer Platt/Getty Images; iStock)

Cuomo’s foreclosure, mortgage moratorium has no teeth

From left: Realogy's Ryan Schneider, Cushman & Wakefield's Brett White and Newmark Knight Frank's Barry Gosin (Credit: iStock)

Brokerage stocks plunge amid market turmoil

Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze