Hogan Lovells represents joint venture between Cirrus and LCOR in landmark redevelopment of former Flushing airport site

The transformative project will bring approximately 3,000 new residential units to the College Point neighborhood, with units ranging from deeply affordable to market-rate housing, with a focus on middle-income New Yorkers. The development is projected to generate US$3.2 billion in economic activity over the next three decades and create more than 1,300 construction jobs and 530 permanent jobs, according to city officials.

The former airport site, inactive since 1984 and largely reclaimed by wetlands, spans a critical parcel of city-owned land managed by the NYC Economic Development Corporation (NYC EDC). The redevelopment plan preserves 60 acres of open space and incorporates sustainable design elements, resilient infrastructure, and new green spaces, all while protecting the site's existing wetlands.

“This project is a once-in-a-generation opportunity to turn underutilized public land into urgently needed housing for middle-income New Yorkers, while also preserving the ecological character of the site,” said Ross Moskowitz, partner at Hogan Lovells.

The Cirrus-LCOR proposal was selected through a competitive RFP process run by NYC EDC. The project will be the first in decades to leverage union pension fund investment in union-built workforce housing in New York City, in partnership with the New York City Building and Construction Trades Council.

The Hogan Lovells team was led by partners Ross Moskowitz and Karen Scanna and counsel John Egnatios-Beene.

More information on the Flushing Airport redevelopment can be found here.