Upcoming Large Property Developments in New York

Tishman Spenser has filed permits for what is scheduled to be the largest project in New York City this year. The office building will house One and Three Gotham Center, which will be adjacent to the Two Gotham Center that is owned by H&R Real Estate Investment Trust. Tishman intends the project to cover just under 1 million sq ft in Long Island City. On the site where the Revere Sugar Refinery once was, Thor Equities plans to put up the second biggest project in NYC. The 645,013 sq ft building will house five stories of office space. Third on the list of the ten largest real estate projects in NYC will be on 2 Flushing Avenue, covering 248, 489 sq ft. Wegman grocery store will use about a third of the space, and the rest will be for industrial use.

A 150, 431 square-foot rental in Downtown Brooklyn by Delshah Capital makes it number four on the list. The 154-unit Omni New York plan by Vaughn and Eugene Schneur is fifth largest. Next is an Artimus development of a mixed income rental of 18 floors. At number seven is Hidrock Realty’s 31-stroy hotel in Midtown East followed by a 77,228 sq ft office building by F&T Group. The last two are Quality Capital’s 14-story office space in Greenwich Village and a 17-stsory project in Midtown by Boris Aranova.

TOWN Residential is a relatively new player in the market of NYC luxury apartments for rent, but the upmarket real estate firm has carved a niche in the luxury property market. Whether looking to rent, buy, or sell. The real estate agency has the professionals to walk clients through the processes. TOWN Residential is renowned for providing first class listing options. Besides that, the agency offers useful resources- ranging from market reports to guides to relocation services. They can be found on its website for buyers, sellers, and renters.

Finding property in neighborhoods such as Tribeca, Fifth Avenue, and Upper West Side can be daunting without the necessary expertise. TOWN Residential has professionals with industry knowledge that simplify the whole process. With Andrew Hieberger at the helm, TOWN Residential continues to provide unparalleled services, which make it a significant player in the NY luxury real estate sector.

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