Posted on: January 29, 2019 06:40 PM

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Downtown Flushing is stretching all curves with construction proposals

Recently, Shanghai Commercial Bank issued $75 million in construction financing to Resi Construction to build residential tower and ground floor retail at 144-51 Northern Blvd in Flushing.

It was purchased by Hung and Chong Real Estate in 2016 for $36 million dollars with $23.4 million in loans from the same bank. More and more skyline towers are approved to build around the same area to make Flushing the next destination for tourism after Broadway.

The latest update on Willets Point to replace auto shops and other businesses has plans to build 1,100 unit affordable housing, a plan for soccer stadium and retail, open space, a school, new police and fire stations and another residential building.

The plans are in the early stage and will be submitted to community for public inputs.