Projects Planned on the NYC Real Estate Slate

During the month of June, there have been many large-scale real estates development projects that are taking place in New York City.

The biggest project will be done by Tishman Speyer, and involves a 1 million square foot project in Long Island City. This developer filed permits for two connected towers which made it the largest project proposal in the city. Both towers will be around 27 stories, and will have 900,509 square feet of office space and 27,569 square feet that will be dedicated to manufacturing.

The second largest project comes from Thor Equities. This company is looking to build a 645,103 square foot office development right along the Red Hook waterfront. In the plans for this building, the fifth floor with have a roof deck as well as a walking track.

There are several other projects that were filed with the city. One of these projects is held by Steiner NYC. With land in the Brooklyn Navy Yard, there are a couple building that will be built in the 248,489 square foot area. 74,000 of this will become a Wegman grocery store, and the rest will be dedicated to other industrial usages.

Another project that was submitted in June is from the NYCHA. This development project will look to build a 160 unit building that will be located in Chelsea. The mixed-income project was originally planned 12 years ago, but unfortunately, it was stalled. This building will span 122,955 square feet, and will have 18 floors.

With several residential places being built it is no surprise that there will be a rise in relators. One of the best New York City real estate services is TOWN Residential. In just five years this company has become New York’s foremost luxury real estate firm. They specialize in residential sales, leasing, as well as the marketing and sales of property development, both commercial and retail.

TOWN Residential has put together a team of professionals that have years of experience and are very knowledgeable about real estate. They have also made a name for themselves in their high-quality customer service.