Development

Development

Development is the process of orchestrating the planning, creation, change, or improvement of real estate.

Development Q&A

What is real estate development?
Real estate development encompasses a variety of processes and can mean different things. The process can include renovation of an existing space, altering a space to suit a new purpose, or developing raw land from start to finish. Although real estate development is separate from construction, real estate developers may oversee construction processes. Developers may require consultants to plan a space, architects to design it, engineers to configure, lenders to finance, and contractors to build, all within one project. Development can occur under the auspices of a pre-existing buyer or owner of land or without one; the latter is called speculative development.
Who develops real estate?
Development teams include a variety of professionals to help development processes from beginning to end. They utilize lawyers, consultants, architects, site planners, and more before any sort of construction begins. The Real Deal compiles an annual list of the largest developers in New York City. In 2018, New York's developers with the most square feet of projects in the works were Related Companies, Brookfield Property Partners, Tishman Speyer, GID Development Group, and SL Green Realty.

The Latest

Ardie Tavangarian (Photo by Kevin Scanlon)
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Forty-five minutes into a mostly restrained interview, Ardie Tavangarian reached into his right pocket, pulled out a sturdy black...

LA’s gentleman builder on developing for the ultra-wealthy
The Closing: Nancy Ruddy
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The Closing: Nancy Ruddy

Nancy Ruddy seems to operate at just one level of intensity: contagious excitement. It’s evident when the co-founder of architecture powerhouse CetraRuddy talks about her firm’s marquee projects, such as One Madison in NoMad...

The Closing: Nancy Ruddy
Hochul urged to resolve Mario Cuomo Bridge dispute

Hochul urged to resolve Mario Cuomo Bridge dispute

Gov. Kathy Hochul is being asked to clean up another of Andrew Cuomo’s messes — on his father’s namesake...

Hochul urged to resolve Mario Cuomo Bridge dispute

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