The Real Deal New York

The top 10 biggest real estate projects coming to NYC

The largest project was from Fetner Properties on the Upper East Side
By Eddie Small | December 04, 2018 07:00AM

Clockwise from top left: a rendering of 401 East 92nd Street, a rendering of 124 East 14th Street, and 2230 Cropsey Avenue in Brooklyn

Manhattan has triumphantly returned to the world of New York City’s largest projects.

After getting shut out of October’s list, the borough took four of the top 10 spots on November’s. Fetner Properties’ development at 401 East 92nd Street on the Upper East Side landed at No. 1, while the Union Square Tech Training Center was in second place.

Brooklyn had just one project on the list this time, while Queens had three, and the Bronx had two. Other major projects filed last month included a luxury rental development in Bath Beach from Allure Group and Landpex Development and another Long Island City hotel from Sam Chang.

The full list of November’s top 10 biggest real estate projects is below:

1.) 401 East 92nd Street, Manhattan
The largest project filed in November was from Fetner Properties at 401 East 92nd Street on the Upper East Side. The 50-story building will contain 339 residential units and span about 330,000 square feet, split between roughly 326,000 square feet of residential space and 5,000 square feet of community space. The project is alternately addressed at 1780 First Avenue and is part of a long-delayed deal between Fetner Properties and the New York City Housing Authority to develop a mixed-income building at the Holmes Towers’ playground site.

2.) 124 East 14th Street, Manhattan
The city’s plans for the Union Square Tech Training Center took the No. 2 spot on November’s list. The building at 124 East 14th Street will stand 22 stories tall and span about 309,000 square feet. The building will include ground-floor retail, a food hall, workforce development programs, and affordable and market-rate office space. The tech training nonprofit Civic Hall will anchor the building’s fourth through seventh floors.

3.) 2230 Cropsey Avenue, Brooklyn
Allure Group and Landpex Development are planning a luxury rental project spanning about 222,300 square feet at 2230 Cropsey Avenue in Bath Beach. The 30-story project will include 243 units and be split between about 196,000 square feet of residential space and 26,300 square feet of community space. Allure played a major role in the Rivington House nursing home scandal as the seller of the site and paid a $2 million legal settlement after a state investigation into the deal.

4.) 410 West 126th Street, Manhattan
Jianhui Hu of Columbia International is planning a 16-story project at 410 West 126th Street spanning 128,542 square feet. It will include about 59,000 square feet of commercial space, 600 square feet of community space and 68,000 square feet of residential space with 92 units. Peter Poon Architects will design the building.

5.) 29 Featherbed Lane, Bronx
Bronx investor Arjan Gjushi almost doubled the size of his Morris Heights multifamily project at 29 Featherbed Lane following the city’s rezoning of Jerome Avenue. He initially filed plans last summer for a 94-unit, eight-story project spanning about 61,000 square feet but then filed plans in November for a 160-unit, 12-story project spanning about 116,000 square feet. The project should ultimately have 14 stories, and the residential units will likely be affordable.

6.) 64-11 Queens Boulevard, Queens
A partnership between Mount Sinai Properties and the Chetrit Group is planning to build a roughly 99,000-square-foot project with 122 units at 64-11 Queens Boulevard, the former site of the Queens Motor Inn. The 11-story Woodside project, alternately addressed 43-21 64th Street, will include about 95,000 square feet of residential space and 3,400 square feet of commercial space. The ground floor will contain a car showroom, and amenities will include a rooftop deck and recreation rooms.

7.) 2505 Broadway, Manhattan
This Upper West Side building comes from Adam America and spans about 91,000 square feet. It will stand 19 stories tall with 44 residential units and should be split between about 85,000 square feet of residential space and 5,000 square feet of ground floor commercial space. ODA Architecture will design the project, and amenities will include a dog wash, a library lounge and a golf simulator room.

8.) 52-02 Van Dam Street, Queens
Sam Chang’s latest hotel project in Long Island City took the No. 8 spot. The prolific developer is planning a 14-story project with 282 rooms across about 82,000 square feet at 52-02 Van Dam Street. It will replace a pair of industrial buildings and be designed by architect Gene Kaufman, Chang’s longtime partner.

9.) 722 East 212th Street, Bronx
This project marks the first phase of Alan Bell’s Williamsbridge Gardens development in the Bronx. He filed plans for a roughly 76,000-square-foot building standing eight stories tall with 87 units last month. The overall project will include 170 units across two buildings spanning about 169,000 square feet.

10.) 1403 Gateway Boulevard, Queens
Developer Frank Monterisi of Greenport Land Acquisition closed out November’s list with plans for a nine-story 58-unit building at 1403 Gateway Boulevard in Far Rockaway. The building will span about 69,000 square feet.