Muss Talks Development at RELA Meeting

Jesse Serwer is managing editor of Real Estate New York

NEW YORK CITY-”Development has become mega-projects and mega-companies and suits and MBAs, but family development companies are not dinosaurs,” Joshua Muss, Muss Development president, told members of the Real Estate Lenders Association at a December breakfast meeting at Club 101. “As long as you need approvals, there will be a need for the flesh and blood developer.”

Forest Hills, Queens-based Muss Development, which was founded by Muss’ grandfather, Hyman Muss, celebrated its 100th anniversary earlier this year.Muss provided RELA members with details behind several of its current projects, including the $600-million Flushing Town Center it is constructing near Shea Stadium, in Downtown Flushing. The 3.2-million-sf mixed-use project is slated to include an approximately 800,000-sf retail center, along with 1,200 apartment units and substantial parking, Muss said. Onex Real Estate is its equity partner for the construction.