【NYC Real Estate】Developer Gary Chen Proposes 10-Story, 296-Unit Mixed-Use Complex in Flushing
- ARCFE U.S.
- 7 days ago
- 2 min read
Updated: 6 days ago
New York-based developer Gary Chen has officially submitted a zoning amendment application to the New York City Department of City Planning (DCP) to construct a new 10-story mixed-use building in Flushing, Queens .
Located at 32-02 Linden Place, the proposed development is slated to yield 296 residential units—75 of which will be designated as permanently affordable—along with 32,954 square feet of ground-floor commercial space and 194 parking stalls .
Chen assembled the development site in 2024, acquiring four contiguous properties for a combined $26.5 million . The newly filed rezoning application seeks to transition the current low-density industrial designation to a high-density mixed-use residential zone . This type of large-scale land use transformation mirrors the broader citywide trend, as exemplified by the $480 million conversion of 1740 Broadway from office to luxury residences.
Situated just south of the Whitestone Expressway, the project offers exceptional regional accessibility. In the filing, the developer emphasized that the rezoning will revitalize underutilized parcels and align perfectly with New York City's strategic goals of expanding quality housing options in transit-accessible neighborhoods .
As Flushing continues to experience rapid population growth and economic expansion, this high-profile project underscores the submarket's enduring strength. Queens' residential construction boom is unfolding across the entire borough—from Flushing to ZD Jasper's new 23-story development in Long Island City—demonstrating sustained momentum and investor confidence. As a New York City-based EB-5 Regional Center, ARCFE remains at the forefront of Queens' residential market, delivering timely insights for global investors.
Source: Commercial Observer
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