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By Ricki Shenfeld ’18 and Brian Hwang ’17
On Friday November 11th, 2016 the Real Estate Association (REA) and members of the Paul Milstein Center for Real Estate toured Flushing Commons, a mixed-use development site with residential condominiums, office space, parking, and an open-air public plaza including outdoor restaurants and shops. The group started the day in the F&T Group offices in Flushing. We had the privilege of meeting with Michael Meyer, President of F&T, who gave us an overview on the Flushing market as well as F&T’s existing and upcoming development plans. We learned more about this vibrant neighborhood and how F&T is making progress to cater to the needs of the growing demographics.
We continued our day with Tom Sperber, Project Manager at AECOM Capital, who took us through Phase I of Flushing Commons. On the tour we were able to see how F&T Group, The Rockefeller Group, and AECOM Capital address the challenges of combining office and residential use in one building. We walked through the active construction site as well as viewed residential units that were close to TCO. Tom gave the group a deeper understanding of the needs of the neighborhood which are centered around having shopping, living, and office capabilities in close proximity and even in the same building.
After viewing the construction site we visited the model residential unit which showcased the high quality that buyers could expect in condominium finishes.
On behalf of Columbia Business School’s Real Estate Association, we would like to thank F&T Group, The Rockefeller Group, and AECOM Capital for allowing us to explore their exciting project and learn more about the company’s vision for Flushing.
Brian Hwang ’17 is the VP of Site Tours for the Real Estate Association at Columbia Business School. He is a second-year student focusing on real estate finance and development. Brian previously worked for CBRE in the Valuation & Advisory Group and will be joining M&T Bank in the NYC Real Estate Debt Group after graduation.
Ricki Shenfeld ’18 is the AVP of Site Tours for the Real Estate Association at Columbia Business School. She is a first year focusing on real estate and entrepreneurship. Prior to enrolling at Columbia, Ricki worked in Acquisitions and Capital Markets at DDG, a luxury real estate developer based in Manhattan with offices in San Francisco and Palm Beach. Before working at DDG she was an Analyst at Deutsche Bank in the Debt Capital Markets/Derivatives Solutions group covering Technology, Media & Telecom companies.