The City Council on Thursday gave a large development project in Flushing, Queens, the green light to move forward.

Lawmakers voted, 38 to 5, with one abstention, to approve plans to build more than 1,700 units of housing, three hotels, and office and retail space over 29 acres on the Flushing waterfront.

The project will provide “an economic shot in the arm for Flushing and the city at a time when we need it most,” said Councilman Peter Koo (D-Queens), who reps the neighborhood where the buildings will go up.