A quick glance at Manhattan’s rapidly changing — and rising — skyline is all the proof New Yorkers need to see that the city’s biggest developers aren’t messing around.
Related Companies, Manhattan’s most active developer with 5.8 million square feet in the pipeline, is set to bring 5,000 units to the borough with its massive Hudson Yards development. The 17.4 million-square-foot project is being billed as the country’s biggest development, and will transform the borough’s West Side into a 24-hour neighborhood.
Though Related leads Manhattan’s top residential developers by almost 2 million square feet, industry mainstays like Extell Development and Chetrit Group are also contributing an impressive amount of units to the borough’s new development pipeline. Gary Barnett’s Extell, which is the city’s second most-active builder with projects like Central Park Tower at 217 West 57th Street, is planning 4.52 million square feet, including 12 buildings that will be home to 2,249 units. With plans to convert the Sony Building at 550 Madison into luxury condominiums, the Chetrit Group follows closely behind, with 2.96 million in development.
For a closer look at the borough’s busiest builders, check out the video above or on The Real Deal‘s YouTube page.
Video created by Uldis Direns. E.B. Solomont contributed reporting.