The Real Deal New York

Posts Tagged ‘new developments’

  • Market reports

    (credit: CityRealty and DTZ)

    The latest batch of reports from around the industry found that Manhattan apartments are staying on the market longer and the city’s office availability continued to shrink. [more]

  • The week in real estate market reports

    February 18, 2015 12:15PM

    From left: Halstead Property Development Marketing’s 2014 new developments report, Ariel Property Advisors’ 2014 Manhattan sales report and New York Building Congress’ 2014 NYC construction report

    Fresh industry data abounded in the latest batch of market reports: Most new developments are heading Downtown; commercial and residential broker confidence increased to 9.22 in the fourth quarter; and Brooklyn’s retail corridors doubled in the last year. [more]

  • Clockwise from left: renderings of 848 East 149th Street, the New York Wheel on Staten Island and 1680 Pelham Parkway

    Clockwise from left: renderings of 848 East 149th Street, the New York Wheel on Staten Island and 1680 Pelham Parkway

    The Bronx boomed in October. With five major projects, the borough dominated the top 10 biggest permits filed last month. A new development in the Bronx spanning over 500,000 square feet was the biggest project for which permits were filed with the Department of Buildings, according to data provided to The Real Deal by Find the rest of the permits after the jump.

  • Model and rendering of Eighth Avenue Center

    Model and rendering of Eighth Avenue Center (Source: Raymond Chan Architects via Brooklyn Paper)

    Architect Raymond Chan and a group of developers are planning a massive mixed-use development on Eighth Avenue between 61st and 64th streets in Sunset Park. [more]

  • From left: Brooklyn Bridge Park tower rendering (Alloy Design + Bjarke Ingles Group) and 40 Riverside Drive rendering

    From left: Brooklyn Bridge Park tower rendering (Alloy Design + Bjarke Ingles Group) and 40 Riverside Boulevard rendering

    The best way to increase New York City’s affordable housing stock is to induce the private market to grow it, writes the New York Times editorial board. [more]

  • From left: Boaz Gilad, 550-554 Fourth Avenue and Melissa DiBella Warren

    From left: Boaz Gilad, 550-554 Fourth Avenue and Melissa DiBella Warren

    Brookland Capital plans to build a new residential and retail development after acquiring a site on the border of Park Slope and Gowanus. [more]

  • From left: 299 Livingston development site and location on map (Google Earth)

    From left: 299 Livingston development site and location on map (Google Earth)

    An unidentified developer plans to build a 17-story residential tower in Downtown Brooklyn, according to city permits that surfaced today. [more]

  • The Real Deal hosts a series of panel discussions.

    The industry executives speaking at The Real Deal and Luxury Listings NYC‘s New Development Showcase on Thursday had plenty to say. From development to design to brokering sales, the panelists who sat in on the three discussion topics offered insightful — sometimes funny — comments about the current state of the real estate game. Here are 10 things that stood out. [more]

  • 101 Bedford in WIlliamsburg

    WEEKENDEDITION The final block of apartments at the Karl Fischer-designed 101 Bedford development in Williamsburg are set to hit the leasing market tomorrow. [more]

  • From left: 71 Laight Street, 180 Sixth Avenue and 305 Second Avenue

    From left: 71 Laight Street, 180 Sixth Avenue and 305 Second Avenue

    The Sterling Mason in Tribeca, Rutherford Place in Stuyvesant Square and the Village Green West on West 14th street are just a few of New York City’s hottest new developments, according to the New York Post. [more]

  • A rendering of the Waves, in Ventnor, New Jersey

    A rendering of the Waves, in Ventnor, N.J.

    On the inventory-starved Jersey Shore, there may yet be hope. The Philadelphia Residential Development Corporation’s Jersey Shore arm, Pelican Properties, will break ground July 1 on the Waves, a $25 million new construction development in Ventnor, N.J., the developers told The Real Deal. [more]


  • Dekalb Market: winner of the 2012 Builing Brooklyn award for Retail

    The Brooklyn Chamber of Commerce last night hosted the 2012 Building Brooklyn Awards honoring 12 new developments across the borough. Many of the honorees at the event, which was held at the newly renovated Liberty Warehouse — a pre-Civil War structure on Pier 41 in Red Hook — shared an emphasis on affordability, community use and sustainability. … [more]

  • BP station on Houston Street

    More than 50,000 gas stations have closed across the country since 1991. And while rural communities have problems filling the spaces with new tenants, due to potential petroleum contamination, New York City has the opposite problem. The New York Times reported that due to the city’s high property values, gas stations are frequently being converted into more profitable enterprises, such as high-rises. This gives city drivers fewer locations to fill up. [more]

  • NYC’s new condo wave

    July 09, 2012 10:30AM

    Gary Barnett

    From the July issue: New development condos have been in the spotlight recently, thanks in part to the success of Extell Development’s One57.

    In May, Extell announced that the building (after hitting the market six months earlier) had sold 50 percent of its units, and had reached a milestone of $1 billion in sales. The 90-story glass tower, which topped off last month, also announced that one of its penthouses had sold for somewhere between $90 and $100 million, a new high mark for condo prices in New York City.

    Extell president Gary Barnett told The Real Deal that the lack of new construction in the last few years has helped drum up demand for his project. “For the next couple of years, we’re probably the only game in town — especially for that kind of quality,” he said. [more]

  • Mayor Michael Bloomberg and Governors Island

    Mayor Michael Bloomberg led the groundbreaking ceremony for the first $260 million worth of developments on Governors Island today, the New York Times reported. The initial renovation phase of the increasingly trafficked island – visitors jumped to a half-million last year from 8,000 in 2005 – will add formal gardens, lawns, play areas and woodlands. But the bulk of the budget will be spent on much-needed infrastructure: repairing 2.2 miles of seawall, building a water-line to Brooklyn, demolishing 18 abandoned buildings and improving electrical and telecommunication facilities. [more]

  • Harlem condo nearly topped off

    January 10, 2011 06:30PM
    alternate text

    An eight-story, 42-unit condo project at 1635 Lexington Avenue has almost topped off, according to the Harlem + Bespoke blog. The 60,000-square-foot building, which is located near the corner of 103rd Street, is set to have a grocery store in its ground-floor retail space. Once known as the Glass Spire, the building, which is being marketed by Citadel Property Management, according to, may see its name changed to Lexington Hill. [Harlem + Bespoke]


  • Old condos, new buyers

    May 03, 2010 08:36AM

    While new condominium developments can be attention-grabbers, real estate experts say that “almost new” condos — those that have been around for about five years — are gaining traction among buyers, according to the New York Times. The economic climate has made some New York City new construction look risky, and many buyers say they aren’t willing to take the leap. … [more]

  • A new law would allow developers to renew expired building permits if they adhere to strict safety requirements while their construction projects are on hold, City Council members announced Monday. Currently, developers have only 12 months before their suspended or not-yet-begun construction plans lose their permits, but the new Department of Buildings program would extend that period to four years, provided a detailed safety monitoring and inspection plan is implemented. The program is intended both to aid struggling new developments and to maintain safety in the areas surrounding stalled project sites, said City Council speaker Christine Quinn, who made the announcement. “If these sites are not properly maintained, they can become safety hazards to residents and even havens of criminal activity,” Quinn said. “Our legislation will require enhanced site maintenance while construction is halted and allow projects to avoid delays when economic conditions improve.” A vote on the proposal is scheduled for Wednesday. [Crain’s]