![]() The influx of transnational capital and rise of luxury developments in Flushing has displaced longtime immigrant residents and small business owners, as well as disrupted its cultural and culinary landscape. Last year, prices for two-bedroom apartments started at $1.15m. Tangram Tower, a luxury mixed-use development built by F&T. “They’ve been here, they live here, they work here, they’ve invested here,” said Ross Moskowitz, an attorney for the developers at a different public hearing in February. The three developers have stressed in public hearings that they are not outsiders to Flushing, which is 69% Asian. Two Taiwanese American immigrants, Sunny Chiu and Michael Lee, founded F & T Group, which is headquartered in Downtown Flushing. The founder of United Group is Chris Jiashu Xu, who immigrated from China as a teenager and now serves as president. Young Nian Group is a subsidiary of Zhonggeng Group, an international conglomerate headquartered in Shanghai. ![]() What wasn’t captured in the videos that circulated after the meeting that night was who was seated near the front of the room: the developers – F&T Group, Young Nian Group and United Construction and Development Group – who own most of the property in the waterfront and have formed a development consortium, FWRA LLC, to push aggressively for its development.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |