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Fleet Financial Receives Approvals for Corona Development
Fleet Financial Group has received approval from the New York City Board of Standards and Appeals for Eastern Emerald, a new high-end hotel and residential development in Corona, Queens.
Located at 112-51 Northern Blvd. the 25-story, 350,178-square-foot property will reach a height of 372 feet and encompass a full city block near LaGuardia Airport, Citi Field, Corona Park and Flushing Bay Promenade.
The residential component will include approximately 175,000 square feet on the upper levels, and the hotel will encompass 145,900 square feet. The project is scheduled for completion in 2024.
Fleet Financial also received a Certificate of Completion from the NYSDEC Brownfield Cleanup Program for its full remediation of the site, which since the early 1930s served as an automobile service repair facility and gas station.
“Our extensive remediation efforts improved the air and water quality at and around the site,” said Fleet Financial president Richard Xia.
- ◦Development

