The top 10 real estate projects coming to NYC

November's largest projects are mostly located in Brooklyn and Queens

Dec.December 17, 2014 07:52 AM

Three massive towers in Long Island City, multiple residential buildings in Brooklyn and an affordable complex in the Bronx are among the top 10 largest new projects of November. Three new developments — including a new hotel in Midtown by the LAM Group — are located in Manhattan, according to data from PropertyShark.

1. 28-10 Jackson Avenue, 28-34 Jackson Avenue and 30-02 Queens Boulevard

The months’ biggest permits were filed by Tishman Speyer, which is bringing three new residential towers to Long Island City. Tishman is working with Canada’s H&R Real Estate Investment Trust on the project. In total, the developers are bringing almost 1,800 residential units to the area. One 44-story tower, located at 28-10 Jackson Avenue, will be 521,390 square feet. The second tower, also the tallest one at 53 stories, will be 501,049 square feet and be located at 28-34 Jackson Avenue. The third tower will stand 33 stories tall and encompass 371,723 square feet at 30-02 Queens Boulevard. The towers are set to have retail components as well. Construction on the project is expected to cost roughly $875 million.

2. 30-17 40th Avenue, Queens

Alert Garage Group intends to build a 10-story building with 428 residential units in this Long Island City location. The plans call for a 293,703-square-foot building. Almost 291,000 of that total will be used as residential space. The building — which will span nearly a full city block between 39th and 40th avenues as well as 30th and 31st streets — will also have 214 parking spaces. Gerner Kronick + Valcarcel Architects are designing the building. The site holds a total of roughly 415,000 buildable square feet. Currently, one structure is occupying the site.

3. 1227 Broadway, Manhattan

The LAM Group is looking to build a 38-story hotel at Broadway and 30th Street in NoMad. The application filed with the Department of Buildings calls for a roughly 300,000-square-foot structure. VOA Architecture is designing the tower, which is slated to house 460 rooms. John Lam paid $88 million for multiple properties between 29th and 30th streets in 2011 and 2012. The new hotel will be located right next to the popular Ace Hotel.

4. 1520 Boone Avenue, the Bronx

Monadnock Development is looking to build a 14-story residential building that will bring 290 affordable units to the borough. The entire project will span 266,982 square feet and will include 5,478 square feet of residential space. Dattner Architects is designing the new building. The project will take up most of the block at Boone Avenue and 172nd Street.

5. 337 Butler Street, Brooklyn

Miriam and Ken Chan, under the moniker Covizion LLC, applied to build a 13-story hotel at 337 Butler Street — also known as 574 Baltic Street — that will include 176 rooms. According to the project’s plans, 90,924 square feet will be used for commercial space, while 91,000 square feet will be used as a commercial facility. The hotel is set to include a 38,000-square-foot health center and a 163-car parking garage. JWC Architect is designing the building.

6. 548 West 53rd Street, Manhattan

A new 13-story residential building with a commercial and a community component is planned for this site. The Clinton Housing Development Corporation is developing the project, which is part of a chunk of land east of 11th Avenue between West 51st and West 53rd streets. The new building will include 106,941 square feet of residential space, a 15,894-square-foot commercial component and a 1,256-square-foot community facility. Based on the developer’s track record, most of the 103 planned units will likely be affordable. The entire area will reportedly bring a total of 530 residential units, 60,000 square feet of commercial space and two community gardens. Perkins Eastman is designing the new building.

7. 71-17 Roosevelt Avenue, Queens

Benjamin Werber Roosevelt 5 LLC is looking to build a 15-story mixed use building at this location, east of the Brooklyn-Queens Expressway. The new structure will be 162 feet tall and is being designed by Gilman Architects. The lot currently houses one building, which will make way for the 139-unit residential development. The property is set to span 122,231 square feet, divided into 18,652 square feet for residential space, 8,399 square feet for a commercial use and an 18,625-square-foot community facility.

8. 196 Orchard Street, Manhattan

Magnum Real Estate, which is lead by Marc Ravner and Ben Shaoul, is looking to build a 10-story building at Orchard and East Houston Street. The plans call for a 113,246-square-foot building. Most of the space will be used for apartments. According to plans filed with the Department of Buildings, the building will house 83 units across 94,923 square feet. There will also be a 13,500-square-foot residential space as well as a 4,860-square-foot community facility. The new building — located on the same block as the iconic Katz’s Delicatessen — will stand 120 feet tall. Ismael Leyva is designing the project.

9. 555 Waverly Avenue, Brooklyn

Madison Realty Capital is building a five-story residential building at this Clinton Hill site. The building will span 94,212 square feet. The bulk of it — 86,529 square feet — will be devoted to residential space, while 7,693 square feet will be commercial space. The residential development will have 122 units. Thomas O’Hara’s HTO Architects are designing the building.

10. 89 Bartlett Street, Brooklyn 

A roughly 93,000-square-foot mixed-use, residential development is planned for this East Williamsburg site. Brooklyn-based developer Chaim Fuchs’ plans call for 64 units across 54,168-square-foot of residential space in the seven-story building. The new structure will include a 20,410-square-foot community facility and an 18,126-square-foot commercial component. M Architecture is the designer of record.

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