Flushing Commons Phase II Project Broke Ground

The New York City development will feature new office, retail, residential, and community spaces.

Updated on Sept. 18, 2026 in Commercial

Flushing Commons Phase II Project Broke Ground

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F&T Group and the New York City Economic Development Corporation (NYCEDC) have officially broken ground on the second phase of the Flushing Commons development in Downtown Flushing. The project aims to meet the demand for mixed-use space while providing new community amenities.

Why it matters

The development addresses the community's critical need for new public open space and responds to strong local demand for mixed-use infrastructure in Downtown Flushing. By integrating residential and recreational components, the project aims to serve a growing urban population.

Phase II includes 132,000 square feet of retail space, 123,000 square feet of office space, and a 63,000-square-foot YMCA. The project features an 18-story residential tower with 156 units and 1.3 acres of public open space.

The players

F&T Group

This real estate development firm is the primary entity responsible for the Flushing Commons master plan.

New York City Economic Development Corporation

This is a non-profit organization that acts as the city's primary engine for economic growth and urban development.

Maxim Capital Group

This private investment firm provided the necessary construction financing to advance the development.

Sandra Ung

She serves as a City Council Member representing the district and secured $1 million in funding for the new YMCA facility.

The details

The expansion builds on the success of Phase I, which was completed in 2017 and included 148 residential condominiums alongside office and retail space. Maxim Capital Group provided the construction financing to facilitate this latest phase of the site's ongoing transformation.

Phase I of the Flushing Commons development was completed in 2017.
The groundbreaking ceremony for Phase II occurred on Wednesday, September 16, 2026.
Pre-development for Phase III is slated to begin in 2027.

Roadmap

This project represents a significant evolution of the Downtown Flushing skyline as the area moves toward high-density, mixed-use urban planning. It follows the pattern set by the NYCEDC mixed-use development strategy to integrate residential, commercial, and community assets within a single site.

Residents can anticipate increased access to local amenities, including a new 63,000-square-foot YMCA facility. The addition of 1.3 acres of public space will also provide new recreational opportunities for the local Downtown Flushing community.

The takeaway

The successful continuation of the Flushing Commons project highlights the long-term commitment required for large-scale urban infrastructure renewal. Residents benefit from the deliberate inclusion of social and recreational facilities alongside standard commercial development.

What happens next

Pre-development for Phase III of the Flushing Commons project is currently scheduled to commence in 2027, which will add approximately 600,000 square feet of residential and retail space to the complex.