The top 10 biggest real estate projects coming to NYC

The largest project was from Matrix Development Group on Staten Island

TRD New York /
May.May 07, 2019 08:00 AM
Clockwise from top left: 526 Gulf Avenue, 160-05 Archer Avenue, 572 Richmond Terrace, and 1911 Atlantic Avenue

Clockwise from top left: 526 Gulf Avenue, 160-05 Archer Avenue, 572 Richmond Terrace, and 1911 Atlantic Avenue

Staten Island doesn’t generally show up on lists of the city’s top 10 projects, but in April, it made two appearances.

A storage facility in the borough from Matrix Development Group took the No. 1 spot, and a storage facility from Abingdon Square Partners took the No. 5 spot. The project from Matrix will span almost 1 million square feet, while the one from Abingdon will span about 200,000 square feet.

Every borough made an appearance on April’s list, another rarity. Overall, it was divided between three projects in Manhattan, two projects on Staten Island, two projects in Queens, two projects in Brooklyn and one project in the Bronx.

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

  1. 526 Gulf Avenue, Staten Island
    The largest building plan filed last month was for a 955,000-square-foot storage facility on Staten Island. The building will stand 47 feet high and comes from Matrix Development Group. It’s part of a 3.5 million-square-foot logistics development where Amazon in 2017 signed on to take a 975,000 square feet for its first-ever distribution center in New York City.
  2. 160-05 Archer Avenue, Queens
    The project in second place was a rental tower in Jamaica spanning 326,528 square feet. The development comes from Shorewood Real Estate Group, and it will stand 24 stories tall with 315 units. It is the first project funded by Shorewood’s Opportunity Zone fund and will feature amenities including co-working space, a game room, yoga room and dog wash.
  3. 545 Vanderbilt Avenue, Brooklyn
    Hope Street Capital’s plans for a 231,739-square-foot mixed-use project in Prospect Heights took the No. 3 spot. The development will stand 29 stories and 312 feet tall and contain 266 units. It will be split between residential, commercial and community space.
  4. 1911 Atlantic Avenue, Brooklyn
    Thorobird filed plans for a 216,036-square-foot project at 1911 Atlantic Avenue in Bedford-Stuyvesant. The mixed-use project will include about 193,000 square feet of residential space, 8,000 square feet of community space and 15,000 square feet of commercial space. It will stand 14 stories and 144 feet tall, and it will contain 236 residential units.
  5. 572 Richmond Terrace, Staten Island
    Staten Island took fifth place on the list as well with a 184,069-square-foot storage facility at 572 Richmond Terrace. The project from Abingdon Square Partners will stand four stories and 46 feet tall.
  6. 27-01 Jackson Avenue, Queens
    Fetner Properties and Lions Group NYC are planning a mixed-use complex in Long Island City standing 27 stories tall with 139 residential units and ground-floor retail. The project will span 151,141 square feet and is a partnership with the city’s Department of Housing Preservation and Development and Department of Citywide Administrative Services. It will include 91 parking spots on the first three floors, while the residential units will start on the sixth floor. The companies are also planning a tower at 26-32 Jackson Avenue that will stand 49 stories tall with about 361 apartments.
  7. 341 East 162nd Street, Bronx
    The city’s housing authority filed plans for a South Bronx building spanning 125,607 square feet. It will stand 11 stories and 115 feet tall and contain 168 residential units. The building is located directly across from the Melrose Metro-North train station.
  8. 140 Fulton Street, Manhattan
    Hidrock Properties is planning to build a 119,758-square-foot hotel at 140 Fulton Street in the Financial District. The building will stand 41 stories and 419 feet tall and include retail space on the ground floor. The developer bought the development site and a six-story residential property for $41 million in October.
  9. 109 East 79th Street, Manhattan
    A condo project on the Upper East Side from Legion Investment Group took the No. 9 spot. It will stand 19 stories tall and span 113,453 square feet with 36 residential units. The firm spent more than $62 million on three East 79th Street parcels for the project last year.
  10. 315 East 13th Street, Manhattan
    The New York Eye and Ear Infirmary filed plans for a 112,030-square-foot project at 315 East 13th Street to round out April’s list. The new hospital building will stand eight stories and 130 feet tall. The 14-story building at 310 East 14th Street that used to house doctors and staff for the NYEEI was demolished in August, according to YIMBY.

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