BY JOE MARVILLI
Another day, another delay for the Flushing Commons project. While construction was due to begin this fall, the deadline for the start date has been pushed back once again.
The developers for the $850 million project, Rockefeller Development Corporation of Manhattan and TDC Development and Construction Corporation, initially had to break ground on the site by Oct. 31, 2013, according to the contracts signed between the parties. The deadline has been pushed back to the end of the year, however, giving the developers time to close on a $20 million purchase of a piece of City-owned property, a parking lot.
The 5.5-acre structure will take over Municipal Lot 1, found between Union Street and 138th Street as well as between 37th and 39th Avenues. It is the purchase of this property that has delayed the groundbreaking. Once the deal between the City and the development group is finalized, construction will begin.
The latest delay came just days after construction permits were filed for phase one of Flushing Commons. In the first phase, about 160 residential units, 350,000-square-feet of retail or commercial space, an underground parking garage and a 62,000-square-foot YMCA will be built. Phase two will see the development of 450 residential units, 150,000-square-feet of retail or commercial space and 15,000-square-feet of community space. The second phase does not have a start date.
The New York City Economic Development Corporation has said that construction will be split up, with more than 1,100 municipal parking spots remaining active during the construction.
Reach Joe Marvilli at (718) 357-7400, Ext. 125, email@example.com, or @Joey788.