(For more retail coverage, click GlobeSt.com/RETAIL and to read more on the multifamily market, click here.)

QUEENS, NY-Muss Development LLC has selected Onex Real Estate as its partner for the development of the $1-billion, 3.3-million-sf Flushing Town Center, located at College Point Boulevard and Roosevelt Avenue in Flushing. The project sits on 14 acres and will include approximately 800,000 sf of retail, a 2,500-space parking garage, 1,100 condominium units and a 40-ft-wide waterfront esplanade along the Flushing River.

The retail portion of Flushing Town Center will consist of a three-level retail mall, above which will be the residential community. Six residential towers on a 3.5-acre park will be constructed on the retail rooftop. The residential units will be composed of studio, one-, two-, and three-bedroom unites. The condominiums will be available beginning summer of 2009.

"The development is expected to provide a major economic boost to the area by turning under utilized land into one of the most valuable assets in the borough of Queens," says Joshua Muss, president of Muss development.

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