Top 10 biggest real estate projects coming to NYC

Projects in Queens, Harlem and the Bronx led a strong month

Mar.March 07, 2016 08:30 AM

February’s largest building permits were dominated by residential and office buildings in Queens, Harlem and the Bronx, along with a handful of industrial and retail projects, also concentrated in the outer boroughs.

The new plans were big, making up for a lackluster, post-421a January, with all but one exceeding 100,000 square feet, and Chris Xu’s 79-story, 778,000-square-foot Long Island residential tower setting a high water mark, according to data from PropertyShark. Not a single Brooklyn project made the top 10, in a break from a long-established pattern.

23-15 44th Drive, Queens

Chris Xu’s Flushing-based United Construction and Development Group TRData LogoTINY filed a permit application for a 79-story, 778,000-square-foot residential tower in Long Island City. The Goldstein, Hill & West-designed building – dubbed the Court Square City View Tower – will contain 774 apartments, and will have about 20,000 square feet of retail space at the base.

Xu bought the site in July along with his brother and former business partner George Xu back in July, paying $143 million to Citigroup. The project is expected to break ground in 2017.

460 West 128th Street, Manhattan

Scott Metzner and Jerry Salama’s Janus Property Company filed an application for a 12-story, 428,000-square-foot office and retail building between Convent and Amsterdam Avenues in Harlem, about a block away from the company’s headquarters. The ground floor will be retail. About 107,000 square feet at the building there will be dedicated to community space, which will hold medical offices.

443 East 162nd Street, Bronx

The City of New York is planning a 12-story, 340,700-square-foot affordable rental building in the South Bronx, part of its Melrose Commons Urban Renewal Plan. The project – to be developed by Les Bluestone’s Midtown East-based Blue Sea Development – will include 303 units, plus about 25,000 square feet commercial space and 13,300 square feet for community facilities.

30-20 Northern Boulevard, Queens

Alma Realty filed a permit application for 10-story, 315,000-square-foot office and retail building on the site of the “Apple Building” warehouse in Long Island City. Winick Realty Group is marketing the building’s retail portion, seeking a big-box outlet tenant. Alma – developer of the massive 1,723-unit Astoria Cove residential project in Astoria – bought the site for $21.5 million in 2011.

4507 Third Avenue, Bronx

L+M Development Partners and Hornig Capital Partners filed an application on behalf of St. Barnabas Hospital to build two residential buildings between 182nd and 183rd streets to total 181 units and 243,000 square feet. Dattner Architects is designing the complex, which will include a ground floor ambulatory care center and space for retail. The hospital bought the property along with two adjacent plots for $5.1 million in 2007.

147 East 86th Street, Manhattan

Ceruzzi Properties, Stillman Development and Kuafu Properties are planning an 18-story, 210,000-square-foot condominium building with two floors of retail at the base on the Upper East Side. The HOK-designed building will have 63 two- to five-bedroom units, with prices around $3,000 per square foot.

1000 Fox Street, 960 Simpson Street, Bronx

Midtown East-based Property Resources Corporation is planning a pair of affordable rental buildings in the South Bronx totaling 187,600 square feet.. The project, to built on a large yard and a parking lot within the Maria Estela Houses Section 8 complex will consist of an eight-story, 114,000-square-foot building at The 1000 Fox Street site, with 120 units, and a six-story, 73,000-square-foot building with 80 units. White Plains-based Peter Clements filed the application.

976 Cypress Avenue, Queens

LSC Development, a self-storage firm based in Chicago, plans to build a four-story, 108,200-square-foot facility in southern Ridgewood. It will have two loading berths and as small amount of office space. Long Island-based Frank Relf is designing. The developer filed plans to demolish the warehouse currently occupying the site in January.

39 West 23rd Street, Manhattan

Anbau Enterprises filed a permit application for a 48-unit, 101,000-square-foot condominium building between 5th and 6th Avenues in the Flatiron District, just a few blocks from its headquarters. The COOKFOX Architects-designed project will include four affordable rental units, which the developer agreed to as part of zoning and Landmarks negotiations.

126-30 Locust Manor Lane, Queens

D&F Development Group filed a permit application for a 14-story, 88,000-square-foot residential building in South Jamaica, the fifth building in the developer’s Locust Manor Estates development. Gerald Caliendo is the architect of record on the 82-unit project.

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Watch: The 5 biggest projects coming to NYC

Watch: The 5 biggest projects coming to NYC