The Real Deal New York

Top 10 biggest real estate projects coming to NYC

Tishman Speyer's Hudson Yards tower tops the list

October 10, 2016 07:30AM
By Kathryn Brenzel

From left: Rendering 66 Hudson Place and 200 Amsterdam Place (inset: From left, Bjarke Ingels and

From left: Rendering 66 Hudson Boulevard and 200 Amsterdam Place (inset: From left, Bjarke Ingels and Steven Pozycki)

Last month, Tishman Speyer filed plans for the Spiral, a 2.2 million-square-foot office tower planned for Hudson Yards. The skyscraper’s name is a reference to the building’s design, which features step-like terraces that wind around the building and look as if they were carved out of the sides of the tower.

Tishman tapped Danish architect Bjarke Ingels to design the building in February, but plans weren’t filed until September, making it the largest new development proposed through permit applications last month, according to data compiled by The Real Deal and PropertyShark.

The biggest projects proposed last month are mostly planned for Manhattan, though the second-largest was a pair of mixed-use residential buildings in Flushing, Queens. Wing-Fung Realty Group is behind that that project, which will include two 19-story buildings at 131-02 40th Road that together span more than 550,000 square feet.

Here are the top ten biggest new developments proposed in September, according to permit’s filed by the city’s Department of Buildings:

509 West 34 Street, Manhattan

Also known as 66 Hudson Boulevard, Tishman Speyer’s TRData LogoTINY planned 65-story office tower is expected to rise 1,005 feet tall and cost roughly $3.2 billion. The building will include 27,000 square feet of retail on the ground floor, while the second through 62nd will be office space. Tishman bought the parcels that make up the development site in 2014 for $438 million. In September, Crain’s reported that Blackrock was scoping out the building for a possible new headquarters as well as 50 Hudson Yards.

flushing-point-plaza

131-02 40th Road in Flushing (credit: Yimby)

131-02 40th Road, Queens

Andy Chau’s Wing-Fung Realty filed plans last month for two new mixed-used residential buildings in Flushing, which together will span 550,465 square feet. The two buildings will each rise 19 stories and together have 276,000 square feet of residential space and 278,000 square feet of commercial space, according to permits filed with the DOB. Wing-Fung Realty bought the site from Sam Chang’s McSam Group last year for $44.5 million.

545 West 37th Street, Manhattan

This once-embattled lot is now the future site of a 46-story apartment and hotel tower. The Chetrit Group filed plans last month for the 373,275-square-foot development in Hudson Yards, which will include 131 apartments and 358 hotel rooms. The hotel will occupy the first 29 floors, while the apartments will start on the 32nd floor. The site, along with another plot, was previously at the center of a lawsuit filed by former landlord Baruch Singer, who lost the properties to foreclosure in 2011. Chetrit bought the property in 2012 for $26.5 million and initially planned to sell the property but ultimately moved forward with redevelopment plans instead.

180 Broome Street in

180 Broome Street in the Lower East Side 

180 Broome Street, Manhattan 

Delancey Street Associates — a partnership between BFC Partners, L+M Development Partners and Taconic Investment Partners — recently filed plans for a 25-story mixed-use building at the Essex Crossing development. Plans show a building that is expected to span 346,364 square feet and have 263 apartments. The overall nine-site megaproject will bring more than 1,000 housing units and 850,000 square feet of commercial space to the Lower East Side.

200 Amsterdam Avenue, Manhattan

SJP Properties and Mitsui Fudosan plan to build the Upper West Side’s tallest building at 200 Amsterdam Avenue. According to filings, the proposed tower will be the neighborhood’s tallest at 669 feet high. The 51-story building is expected to have 112 apartments and span a total 346,313 square feet. A medical office will take up 3,000 square feet on the ground floor.

24-09 Jackson Avenue, Queens

Since 2010, Toyoko Inn has contemplated opening a hotel in Queens, but it wasn’t until last month that these plans started to take shape. The economy hotel chain filed plans to build a 50-story, 260,857-square-foot hotel in Long Island City. The proposed hotel will have 1,260 rooms. The company purchased six separate parcels that make up the development site in 2007 for $18 million.

42 Trinity

42 Trinity place (credit: Yimby)

42 Trinity Place, Manhattan

Matthew Messinger’s Trinity Place Holdings filed plans last month for a 40-story apartment building in the Financial District. The building is expected to include 90 apartments and span a total of 280,000 square feet, according to Yimby. The ground floor will also include 4,805 square feet of retail space and a 476-seat elementary school that will span about 56,000 square feet.

165 Bricktown Way, Staten Island

A 197,333-square-foot movie theater is planned for this property in the Charleston section of Staten Island. Owner Guido Passarelli plans to build a three-story commercial building on the currently-vacant lot, which will have retail space on the ground floor and a move theater on the upper levels.

1880 Bathgate Avenue, Bronx 

Wilfred Realty Corp. filed plans last month for a 173,627-square-foot mixed-use residential building in the East Tremont section of the Bronx. According to documents filed with the DOB, the project will feature 190 residential units as well as 21,820 square feet of commercial space and a 2,460-square foot community facility.

262 Fifth Avenue, Manhattan  

An entity affiliated with Israeli-Russian billionaire Boris Kuzinez plans to build a 54-story mixed-use tower in NoMad. The project will span 150,018 square feet and include 41 apartments, as well as 10,850 square feet of retail space. Kuzinez bought development site and two neighboring lots earlier this year for $59 million.

Correction: An earlier version of this story misstated the number of stories planned at 262 Fifth Avenue. It’s 54.

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