Sunday, January 24, 2016

Monadnock to Develop Flushing Affordable Housing, Retail Project

The city’s department of Housing Preservation and Development has selected a development team for a 208-unit affordable housing and retail project on a Flushing municipal lot at 133-45 41st Avenue, near Main Street. The project, called One Flushing, will be constructed by a team comprised of Brooklyn-based Monadnock Development, nonprofit Asian Americans for Equality and HANAC Inc., which was selected following a request for proposals process.

The development, which will be built according to the design principles of feng shui, is part of Mayor Bill de Blasio’s initiative to create and preserve 200,000 units of affordable housing in 10 years.

The development is part of an effort to build housing on vacant or underutilized property, and this particular plot was sold to the developers at an undisclosed price that was well below market value.

The Bernheimer Architecture-designed building will have large windows that are reinforced to reduce noise from the LIRR station behind the property.

The complex will have eco-friendly features such as solar panels on the roof. Amenities will include a gym, community room, laundry rooms, a 15,000-square-foot second-floor terrace and a green roof.

The complex, which will include 208 units including 60 for seniors and 147 for families with varying income levels, will be built according to the design principles of feng shui.

Feng Shui (or Wind and Water) is the Chinese practice of arranging your environment so that energy or “chi” flows gently and smoothly through your home or business environment. In this way your space just feels good–and supports what you want out of life-whether it’s a better career, new romance, improved health, or more income.

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 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 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.”

Under the deal, the city sold the land to the developers at a price that is well below market value, making the affordable-housing project financially feasible.

The city has also been looking to rezone part of the neighborhood to the north of the project site. In November, the administration announced it would study an industrial section of Flushing that sits along a polluted creek to encourage more development there and require the construction of affordable housing.

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