The top 10 biggest real estate projects coming to NYC
The largest project was from Savanna in Downtown Brooklyn
For the second month in a row, every borough made an appearance on the list of the city’s 10 largest projects.
The top project was an office tower at 141 Willoughby Street in Downtown Brooklyn. Even though developer Savanna has dramatically scaled down its original plans for the site, it still took the No. 1 spot by a margin of about 100,000 square feet. Second place went to a luxury condo tower from Naftali Group and Rockefeller Group at 200 East 83rd Street on the Upper East Side.
Overall, the list was split between four projects in Manhattan, two projects in Brooklyn, two projects in the Bronx, one project in Queens and one project on Staten Island.
The full list of May’s top 10 biggest real estate projects is below:
1. 141 Willoughby Street, Brooklyn
The largest project filed last month was for a 23-story office tower in Downtown Brooklyn from Savanna spanning about 310,000 square feet. The firm bought the site for $28 million in 2014 and originally hoped to build a mixed-use development standing 49 stories tall and spanning 372,000 square feet. However, the City Council only approved a smaller version of the plan in 2016, permitting a 44-story, 310,000-square-foot project with 203 apartments. Savanna’s new filing does not include any apartments.
2. 200 East 83rd Street, Manhattan
This Upper East Side luxury condo tower from Naftali Group and Rockefeller Group would stand 35 stories tall and span about 209,000 square feet. It would feature 86 residential units and include 3,033 square feet of commercial space. Naftali and Rockefeller bought the development site last year from Muss Development and the Aryeh family for $167 million.
3. 200 East 34th Street, Manhattan
China Overseas Land and Investment plans to build a 31-story mixed-use project in Murray Hill spanning roughly 135,000 square feet. It would include 144 apartments and about 3,000 square feet of commercial space. China Overseas bought the Murray Hill site in 2017 for $75 million, and the firm is also behind the tallest residential building in Jersey City at 99 Hudson.
4. 44 Victory Boulevard, Staten Island
A controversial homeless shelter on Staten Island from the city and former City Council speaker Christine Quinn took the No. 4 spot on May’s list. Quinn’s nonprofit Women in Need plans to build a shelter that spans about 115,000 square feet and stands five stories tall. It will house roughly 200 families—mainly single mothers with children—and also include 10,000 square feet of retail space. Community members have criticized the city for not including them in discussions about the homeless shelter, and the Staten Island Downtown Alliance plans to sue to stop it from opening.
5. 59 Henry Street, Manhattan
This mixed-use project in Two Bridges from W & L Group would span about 99,000 square feet, split between 57,000 square feet of residential space and 42,000 square feet of community space on the first five floors. The building would stand 19 stories tall with 80 residential units.
6. 1544 Shakespeare Avenue, Bronx
This Bronx project from the Highbridge Community Development Corporation would span about 95,000 square feet, split between 83,000 square feet of residential space, 9,000 square feet of commercial space and 3,000 square feet of community space. It is expected to stand seven stories and 70 feet tall with 110 residential units.
7. 142 South Portland Avenue, Brooklyn
MDG Design + Construction has partnered with Hanson Place Seventh-day Adventist Church to build a 13-story, 86,000-square-foot mixed use project in Fort Greene that will include 100 below-market-rate residential units. The development would be split between about 76,000 square feet of residential space and 10,000 square feet of community space. It is in the midst of a lawsuit, as community members have argued that the city engaged in illegal spot zoning when it approved the project.
8. 70-50 Queens Boulevard, Queens
Developer Gadi Ben Hamo is planning to build a roughly 74,000-square-foot school at this site in Elmhurst. It would stand five stories and 76 feet tall.
9. 1973 Daly Avenue, Bronx
This 11-story mixed-use Bronx building from Camber Property Group is expected to span about 67,000 square feet, split between 61,000 square feet of community space and 6,000 square feet of commercial space. It is to stand 11 stories and 115 feet tall with 123 residential units, all of which will be affordable, according to YIMBY.
10. 319 West 35th Street, Manhattan
May’s list closes out with a Garment District hotel from Mayflower Business Group. The project would span about 59,000 square feet and stand 25 stories tall with 166 rooms.