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.
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