The Real Deal New York

The top 10 biggest real estate projects coming to NYC

Kushner Companies’ Dumbo resi building 85 Jay topped the list
By Miriam Hall | September 11, 2017 07:00AM

Clockwise from top left: 85 Jay Street, Jared Kushner, Morris Adjmi, 92-23 168th Street, a rendering of the Gilder Center, Neil deGrasse Tyson and 68-70 Schermerhorn Street (Credit: Getty Images, LinkedIn, Google Maps and Studio Gang Architects)

Kushner Companies’ proposed 737-unit residential building in Dumbo was the biggest project filed with the city’s Department of Buildings in August.

Permit filings for the outer boroughs featured heavily once again on the list. However, some significant Manhattan condominium projects were filed with the Department of Buildings in August, according to The Real Deal’s analysis of DOB data. Among them was Silverstein Properties’ plans for West 41st Street and Madigan Development’s condo project at 111 Varick Street.

Here are the top 10 largest projects proposed in August:

1) 85 Jay Street, Brooklyn

Kushner Companies, along with partners CIM Group and LIVWRK, wants to build a luxury property in Dumbo that would hold 747 units and span a total 874,149 square feet. The 21-story building would also feature 60,017 square feet for commercial space and 1,154 square feet for a community facility, according to the filing. Morris Adjmi is designing the building.

2) 520 West 41st Street, Manhattan

Silverstein Properties has significantly scaled back its plans in Hudson Yards. Last month, the Larry Silverstein-led firm filed plans for a 723-foot-high building at the address, which is part of a block-wide development site between 10th and 11th avenues. The building would feature 499 units across 547,718 square feet of residential space, with another 63,000 square feet of commercial space, according to the permit. The earlier plans were for a $1.8 million-square-foot tower at 514 11th Avenue, which would have housed 1,400 luxury apartments and 300,000 square feet of retail space.

3) 92-23 168th Street, Queens

Eugene Schneur and Mo Vaughn’s Omni New York could be bringing several hundred apartments to Jamaica. The firm, which was tapped by the Economic Development Council to redevelop the NYPD parking garage at 168th Street in the neighborhood, filed plans last month for a mixed-use building spanning 412,862 square feet. There will be 389 affordable apartments across 333,276 square feet of residential space with an additional 61,000 square feet for commercial, and 19,000 square feet for community space.

4) The American Museum of Natural History, 200 Central Park West, Manhattan

The American Museum of Natural History filed plans for its new building to house the Richard Gilder Center of Science, Education and Innovation last month. The building will feature a theater, green roof, aquarium and museum shop, along with labs, classrooms, offices and a three-story library. The center will span 194,000 square feet.

5) 1336 Bedford Avenue, Brooklyn

Essex Management Plaza filed plans last month for a nine-story building with 94 units. The building would span a total of 148,522 square feet, according to the filing. The apartments are going to be set aside as affordable housing, according to a report from DNAinfo earlier this year.

6) 111 Varick Street, Manhattan

Madigan Development filed a new permit application for111 Varick Street. The 130,534-square-foot building would feature 101 units across a total of 105,696 square feet, according to the filing. There would also be 1,785 square feet of commercial space. Madigan originally filed a permit for the site in 2015, and received construction approval for the plan in May this year.

The developer has been sued by neighbor Agime Group in the past, which claimed Madigan efforts to overturn Agime’s development rights are in violation of a zoning agreement.

7) 70 Schermerhorn Street, Brooklyn

Orange Management and Lonicera Partners want to build a 55-unit building at Schermerhorn Street in Brooklyn. The building would have 3,363 square feet for commercial space and 65,473 square feet for residential space. At 12 stories, the building — which will also feature a fitness center and lounge — would reach 125 feet.

8) 3500 Park Avenue, the Bronx

A total of 115 affordable and supportive housing could be headed for the Bronx, according to a permit filed by mental health and housing nonprofit the Bridge last month. The 67,539-square-foot building would feature 20,532 square feet of community space, and 47,007 square feet of residential space.

The seven-story building would have 69 supportive housing units for homeless disabled veterans, homeless disabled seniors and chronically homeless people with mental illnesses. The rest of the units will be standard affordable housing, likely for households earning between 30 and 60 percent of Area Median Income, the Bridge CEO Susan Wiviott told TRD last month.

9) 2051 Ryer Avenue, the Bronx

Hercules Argyriou, a Queens-based contractor, filed plans for an 86-unit building on Ryer Avenue in Tremont. The building would span 66,615 square feet and reach 12 stories, according to the filing. Back in 2015, Stagg Group filed plans for a 61-unit building. However, ACMH, a supportive housing company, bought the properties for $2.6 million in July, records show.

10) 145 West 110th Street, Manhattan

Grid Group wants to build a 13-story apartment building at 145 West 110th Street, a permit application shows. Formerly known as the Einhorn Development Group, the company is planning 36 apartments in a 55,854-square-foot building on the site they bought for $16.5 million in 2013.