Friday prayer is a very special prayer for Muslims and the emphasis to observe Friday prayer is greater in the Hadith of the Prophet Sallallahu Alaihe Wa Sallam than regular congregational prayers.
It is better for Muslims to offer one Friday Prayer at one place where they could all observe the Prayer together and benefit from the Khutbah.
However, if this is not possible due to lack of space, difficulty of timing or distance than it is permissible according the opinion of majority of Fuqaha to establish multiple Friday prayers in multiple places throughout the city.
The issue of establishing the observance of multiple Friday prayers in the same Masjid or Musalla is more controversial among the respected Imams of Fiqh. The established opinion of Hanafi Fiqh is that it is permissible to observe multiple Friday prayers in the same Masjid or Musalla as long as the leading Imam is a different person and the congregation is also a new one. It would not be permissible for the same Imam to lead Friday prayer more than once.
Imam Ibn-e Abideen (R.A) the late jurist of Hanafi Fiqh has explicitly granted permission to establish multiple prayers in the same city. Although Imam Ibn-e Abideen (R.A) has not made specific mention of establishing multiple Friday prayers in the same Masjid but he has alluded to the permission by saying "وتؤدى فى مصر واحد بمواضع كثيرة مطلقا على المذهب وعليه الفتوى" i.e.
Now it is up to the community and leaders of a Masjid to determine their condition of allowing the establishing of second prayer in the same Masjid due to a compelling need or not.
The best option is to have one prayer where all the Muslims can offer Friday prayer together only if it possible from all aspects. If the needs warrants establishing the second or even third Friday Prayer then it is permissible.
And Allah knows best.
Mufti Ikram ul Haq
Fatwa Center of America
الحنفية: قالوا: تعدد الأماكن التى تصح فيها الجمعة لا يضر، ولو سبق أحدها الآخر فى الصلاة على الصحيح
(الفقه على المذاهب الأربعة، تعدد المساجد التى تقام فيها الجمعة ص219)