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Developer Says Company Reneging on Queens Land Deal

Plot of land is near the Grand at Sky View Parc

If you believe court papers, there are some real estate shenanigans going on over in Flushing. New Jersey-based developer Mao Hua Dong says Xingmei Chen’s American Chengxing Investment Management Group won’t sell a 38 percent ownership stake in a pair of properties near the mixed-use the Grand at Sky View Parc complex, despite having been paid for it, The Real Deal reported.

The sites – at 40-70 Delong Street and 131-02 40th Road – could be combined for 272,000 square feet of residential space or 375,000 square feet of commercial space. Dong says Chen was paid – directly, mind you – and is suing to have the sale enforced, plus for $5 million in damages.

Developer sues to force sale of site near Sky View Parc [TRD]