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