From the Queens Tribune:
The store formerly known as Caldor will end its 11-year dormancy when a new development opens in September.
High-end hotel magnate Sam Chang has begun work on a new use for the community eyesore, investing $15 million to create a "major super store." It will feature retail on its first floor, a supermarket on the second and a major Chinese restaurant on the third.
"We definitely want to do it as upscale as possible, with all the money we're spending there," Chang said.
The developer promised no small vendors would be on the retail floor of the building. He was quick to assert, "It's not the Flushing Mall."
The Long Island-based developer leased the space for 15 years from Vornado Realty Trust, with an option to renew for another 15.
A series of building permits have been granted since mid-December that allow renovation of the property.
Chang said he has no plans to expand or deviate from the original use of the site, which is zoned C4-3 which limits use to retail commercial development.
The developer also hopes to include about 350 spots-worth of valet parking at the site.
Just to refresh your memories, the NY Times had this to say about Chang a few months ago:
Investors, real estate brokers and hotel chains love Mr. Chang. Community groups, some elected officials and the hotel and construction unions, not so much. Critics contend he has built his empire barely within city codes and are vowing to stop his freewheeling, nonunion operations in manufacturing districts like the garment center of Manhattan.
Well that's Manhattan. This is Flushing. Bring him on!