Relocating from Taiwan to the United States in 1982, CEO and Chairman of F&T Group Michael Lee quickly launched his business endeavors. In his early years in the U.S., Michael founded TAFA Development Corp, named after his family’s shipping company in Taiwan. Through TAFA Development Corp, Michael entered the real estate industry by acquiring properties in the New York metropolitan area.

In 1996, after a decade of collaboration, Sunny Chiu and Michael Lee partnered to establish what is now known as the F&T Group. Over the years, the company acquired substantial landholdings throughout New York City's five boroughs. Expanding its portfolio, F&T Group focused on a development strategy in downtown Flushing, where it remains actively engaged in community affairs.

In 2007, F&T Group, alongside J.P. Morgan Asset Management, developed the World Trade Center in Nanjing, China—a $800 million project totaling 4.7 million sq. ft. The next generation of F&T Group is now undertaking increasingly complex, large-scale projects. Following the completion of One Fulton Square, Phase I of Flushing Commons, and Tangram, these developments have collectively redefined downtown Flushing. The team is currently finalizing Phase II of Flushing Commons, which will feature an open-air plaza to enhance the community’s vibrant spirit and desire for outdoor space, along with a state-of-the-art YMCA facility to further enrich the neighborhood with health and wellness amenities.