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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. 


Inside The Story

Fleet Financial

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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