The Real Deal New York

Top 10 biggest real estate projects coming to NYC

One Vanderbilt and two Bronx rental towers are among September's top permits

October 16, 2015 09:31AM
By Ariel Stulberg

nyc top permits September 2015

Clockwise from top left: an aerial view of 101 Lincoln Avenue and 2401 Third Street in Mott Haven (inset: Keith Rubenstein), One Vanderbilt Avenue in Midtown, Marc Holliday,

This month, the big dogs barked loudest. September’s largest permit applications were dominated by marquee projects from major developers, with SL Green’s One Vanderbilt standing head and shoulders above the rest. The Chetrit Group and Somerset Partners’ also made waves with a pair of residential buildings with a combined area exceeding a million square feet.

Though Queens sat out the rankings this month, the outer boroughs were again well represented, with four of the month’s biggest projects in Brooklyn, three in the Bronx and one in Staten Island. All ten projects exeeded 100,000 square feet. Rental buildings, many with ground floor retail, were the most common type of project this month, though a Catholic school building and a senior living facility also made the list.

One Vanderbilt

Rendering of One Vanderbilt in Midtown (credit: SL Green)

One Vanderbilt Avenue, Manhattan

SL Green Realty finally filed plans for its enormous One Vanderbilt office tower near Grand Central Station in Midtown, nearly two years after the project was first proposed. The Kohn Pedersen Fox-designed 1.3 million-square-foot building will stand 67 stories and top out at 1,404 feet. The first and third floors of the tower will contain retail space, with the rest consisting of offices.

From left: Joseph Chetrit, Keith Rubenstein and 2401 Third Avenue (credit: Loopnet)

From left: Keith Rubenstein and 2401 Third Avenue (credit: Loopnet)

101 Lincoln Avenue, Bronx

Joe Chetrit’s Chetrit Group is planning two adjacent 25-story rental buildings in Mott Haven, along with Somerset Partners. The larger of the two, at 101 Lincoln Avenue, will contain about 784,176 square feet total, with about 33,000 square feet devoted to retail, about 3,200 square feet to a community facility, with the rest occupied by 826 apartments. Chetrit bought the site for $32 million in December 2014. Goldstein Hill and West are designing both new structure.

2401 Third Avenue, Bronx

Chetrit and Somerset’s second building at the Mott Haven site will be roughly 345,000 square feet total. As with 101 Lincoln Avenue, the building will contain group floor retail space, though in this case a smaller 2,250-square-foot space. It will also have a 2,900-square-foot community facility, with the remainder going to residential space. The developers bought the 1.5-acre site earlier this year, paying $26 million.

664 Pacific Street, Brooklyn

Greenland Forest City Partners filed permit applications for another structure at its 22-acre Pacific Park development in Prospect Heights. The 26-story, 343,788-square-foot building, also known as B-15, will contain 323 market rate rental units, along with a 616-seat public school on its first and fifth floors. Marvel Architects are designing the building. The Shanghai-based Greenland group bought a 70 percent stake in Pacific Park for $200 million in late 2013.

Ifei Chang and construction at Greenland Forest City's Pacific Park in Prospect Heights (credit: TerraCRG)

Ifei Chang and construction at Greenland Forest City’s Pacific Park in Prospect Heights (credit: TerraCRG)

27 West Street, Brooklyn

Yoel Sabel and Lipa Friedman’s Halcyon Management is planning a 19-story affordable rental building on the Greenpoint waterfront. The structure will house 234 units within 279,730-square-feet of total space. It will also have 5,839 square feet of ground floor retail, and a 3,836-square-foot community space. The SLCA Architects-designed building will also have a 120-car garage. Plans to demolish the warehouse that occupies the site were filed in June

Yoel Sabel

Yoel Sabel

1721 East 8th Street, Brooklyn

Bo Jin Zhu’s Z&K Realty Developers filed a permit application for an 11-story, 162,437-square-foot residential building, which will also house a 27,000-square-foot synagogue on the first floor, and 104,000 square feet of commercial sapce on the second, third and fourth floors. Apartments at the building will average about 1,220-square-feet. The developer bought the site, along with an adjacent plot, for $10.5 million last year.

4439 Third Avenue, Bronx

L+M Development Partners and Hornig Capital Partners filed plans for an affordable rental building in the Bronx, between East 181st and East 182nd Street. The 12-story, 138,519-square-foot structure will house 133 residential units, 11,500 square feet of commercial space, and a community facility on the ground floor. Dattner Architects is designing the building.

Ron Moelis

L+M’s Ron Moelis

115 East 97th Street, Manhattan

Marymount School, a Catholic all-girls school on the Upper East, is planning to build a 13-story, 111,510-square-foot academic building on an empty lot between Park and Lexington avenues. The CookFox-designed building will include a gym, a dance studio, exercise rooms, a gallery, a chapel, classrooms, and offices. Marymount bought the lot, currently home to a tennis court, in 2012 for $21 million.

140 Friendship Lane, Staten Island

Douglaston Development filed a permit application to develop a 161-unit, 105,854 residential building, part of its Brielle senior living facility in Willowbrook. The structure will stand five stories and contain 105,854 square feet of space. The project will include a 10,000-square-foot recreational facility. MAP Architects is designing the building, which will join the Brielle’s existing three-story 188-unit residential structure.

541 Fourth Avenue, Brooklyn

Anshel Friedman and Aaron Karpen filed plans for a 12-story, 103,602-square-foot rental building in Park Slope. The Karl Fischer-designed structure will contain 125 units and two ground floor retail spaces with area totaling 10,800 square feet. The building will also have a 26-car garage, space for 59 bicycles, and, on the cellar level, a pet spa. The Brooklyn-based developers assembled the eight-parcel site last year, paying $16.5 million.