(The Real Deal) On a recent weeknight, three shiny Mercedes slowly eased through a short block in downtown Flushing, the drivers’ eyes patrolling for open parking spots. Hands heavy with shopping bags, passengers streamed in and out of the 7 train station, and a group of college-aged friends made their way to a Michelin Guide-

recommended dumpling shop, nestled on a one-story retail strip that now lies between two new high-rises.

This is Flushing in flux: luxury condos, name-brand retail and hotels, and office space are bringing more people — and more real estate speculation — to the area.

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