From the Queens Tribune:
The former owners of the Shops at Atlas Park in Glendale have put the majority of their surrounding property on the market, approximately 375,000 square feet of space covering 11.3 acres.
The announcement came this week from the family-owned property developer, ATCO. The site, commonly known as Atlas Terminals, was developed as a railroad terminal for warehouse and industrial uses in the 1920s. From this one property, ATCO has been able to develop interests in a slew of Manhattan properties as well as in locations across the eastern United States and Europe.
The site is more than twice the size of the 5.5-acre Municipal Lot 1 in Flushing slated for the development of Flushing Commons, the $850 million project expected to have 275,000 square feet of retail, a hotel, residential towers and plenty of open space. Development of that kind at the site is not considered likely given the isolation of Atlas Terminals. The nearest highway entrance is the Jackie Robinson Parkway on Myrtle Avenue, and the nearest large thoroughfare is Woodhaven Boulevard, several blocks away.
Hemmerdinger could not say what sort of development could be expected from potential buyers, but the site's M1-1 zoning permits manufacturing, office, self-storage, and a variety of retail uses.
10 comments:
Housing housing housing.
NYC government is run by the Sorcerer's Apprentice.
the mall was nice but so hard to get to without a car.
I hope Coldwater Creek remains open...it's their only retail outlet in Queens!
Walmart here we come! A perfect location for it! Rep Turner will be there for the ribbon cutting!
Good riddance to the Hemmmerdingers.
I guess Atlas Park wasn't the humdinger of a project that the Hemmerdingers touted to be.
Bring in Walmart!
the mall was nice but so hard to get to without a car.
--------------------------
Thats the point. Keeps out the riff-raff.
What is wrong with these people..don't they see this area is just crying out for an "OUTLET MALL"
Good plan to keep out the riff raff. They charged for parking and then used their connections to quickly re-route 2 bus lines to the mall.
It's like they had these high aspirations and then decided to just tale whatever money they could get.
If they just tried to offer more for the middle class neighborhoods around it they could have been something special.
Folks. This is NOT about the mall. No talk about stores, please. This is something else. This is about the property next to it and around it. The large amount of property the Humdingers retained. All those buildings with numbers, on 84St., 83 st. and also on 80th st. across from Pizza Kitchen. As well as the vacant area on Cooper where the amusement rides were. They bought right up to 88th St. Including China Fun. This is a lot of land we're talking about. Yes, it is zoned; but a simple bribe and an under the table deal will change that in a day. The first poster is correct.
Post a Comment