50 THE QUEENS COURIER • REAL ESTATE • MAY 7, 2015 FOR BREAKING NEWS VISIT www.queenscourier.com real estate Rendering courtesy of Bernheimer Architecture The Housing Preservation and Development Department picked One Flushing for development on the Flushing Municipal Lot 3. 208-unit affordable housing and retail project selected for Flushing parking lot BY LIAM LA GUERRE [email protected] @LiamLaGuerre The Housing Preservation and Development Department (HPD) announced the winning project on April 28 for a development on a Flushing municipal lot at 133-45 41st Ave. near Main Street. A project called One Flushing from a team comprised of Brooklyn-based Monadnock Development, nonprofi t Asian Americans for Equality and Hanac Inc., was selected following a request for proposals. The project will have 208 affordable housing units and community and retail space. It is part of Mayor Bill de Blasio’s initiative to create and preserve 200,000 units of affordable housing in 10 years. The apartments will be available to individuals earning between $24,200 to $72,600 annually and $34,520 to $103,560 annually for a family of four. Housing in the building will be divided between 60 apartments reserved for senior citizens and 147 for low- and moderate-income households. There is also one unit for a superintendent. “The One Flushing development plan is an example of a dynamic proposal that encompasses affordable housing, supportive senior housing, and services for the community as a whole,” HPD Commissioner Vicki Been said. “I look forward to seeing this development take shape and will be thrilled to welcome future residents to their new homes.” Amenities will include a gym, a community room, laundry rooms, a 15,000-square-foot second-fl oor terrace and a green roof. The Bernheimer Architecture-designed building will have large windows that are reinforced to reduce noise from the LIRR station behind the property. And it will have eco-friendly features such as solar panels on the roof. The current parking lot on the site has 156 parking spaces on 43,200 square feet. When complete, the project will have more than the current amount of parking spots, according to HPD. THE COURIER/Photo by Liam La Guerre TALLEST BUILDING IN QUEENS FOR SALE BY LIAM LA GUERRE [email protected] @LiamLaGuerre One Court Square, the tallest building in the city outside of Manhattan, has hit the market once again, and its sale price could break borough records, according to reports. Real estate fi rm Savanna, which bought a controlling interest last year in the 51-story building also known as the Citi Tower, listed it with brokerage Cushman & Wakefi eld, which was fi rst reported by the New York Daily News. Representatives for Cushman & Wakefi eld didn’t comment on the listing, and an asking price was not disclosed. The tower sold in 2011 for $500 million, but is expected to sell for much more this time around since values in Long Island City have increased over time. One Court Square was designed by Skidmore, Owings & Merrill LLP, and built by Turner Construction in 1989 for Citigroup. The offi ce tower has 1.5 million square feet of space and is 673 feet tall. Citigroup, which sold the building in 2005, still has a lease through 2020 for the tower and the company has about 4,800 workers in it, according to reports.
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