The Real Deal’s ranking of Manhattan’s top property managers revealed that many of the leading management firms are wellknown brands with a national presence and the resources to handle massive portfolios. These companies continue to dominate the third-party property management game. In Manhattan, Douglas Elliman Property Management took the top spot with 28,022 units. In the 12-month period that the ranking covered, Elliman scored several new highend condo developments, including 150 Charles Street, 215 Chrystie Street and 111 Murray Street. FirstService Residential — which is based in Florida and runs its New York office out of Midtown — came in second with 27,680 units. The firm, which specializes in luxury condo and co-op buildings, ranked first last year.
L+M Development Partners
DEVELOPERS WITH THE MOST SQ.FT. OF PROJECTS IN THE WORKS
|Rank||Developer||Square Feet||Number of Buildings|
|2||Brookfield Property Partners||3.8M||3|
|4||GID Development Group||1.6M||3|
|5||SL Green Realty||1.5M||2|
|6(tie)||HFZ Capital Group||1.1M||2|
|8||McSam Hotel Group||865,959||8|
|10||L+M Development Partners||741,398||2|
Source: First published in the November 2018 issue of The Real Deal. TRD analysis of the third-party property managers identified in the NYC Department of Housing Preservation and Development database. Only firms that own less than 50% of what they manage were considered for this ranking. Firms that submitted proof of management for individual buildings were credited with those units. Some firms declined to comment.
10 BIGGEST MANHATTAN PROJECTS UNDER DEVELOPMENT
|Rank||Address||Architect||Developer||Square Feet||Resi Units||Height|
|1||415 10th Avenue||Adamson Associates Architects||Related Companies||2.3M||0||1,011|
|2||509 West 34th Street||Adamson Associates Architects||Tishman Speyer||2.2M||0||962|
|3||401 Ninth Avenue||Skidmore, Owings & Merrill||Brookfield Property Partners||2.0M||0||998|
|4||401 West 31st Street||Skidmore, Owings & Merrill||Brookfield Property Partners||1.7M||0||902|
|5||1 Vanderbilt Place||Kohn Pedersen Fox Associates||SL Green Realty||1.3M||0||1,401|
|6 (tied)||400 West 61st Street||Hill West Architects||GID Development Group||880,000||656||478|
|6 (tied)||560 West 33rd Street||Skidmore, Owings & Merrill||Related Companies||880000||354||1,009|
|8||217 West 57th Street||Adamson Associates Architects||Extell Development||870,000||179||1,550|
|9||76 11th Avenue||Bjarke Ingals Group; Woods Bagot||HFZ Capital Group||760,000||373||409|
|10||601 West 29th Street||FXCollaborative Architects||Douglaston Development||740,000||931||601|
Source: TRD analysis of NYC Dept. of Buildings data for active building projects that have not received a temporary certificate of occupancy as of Jan. 11, 2019.