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

NRIA Fund president Rey Grabato (LinkedIn, iStock)
Tri-State

Bankrupt NJ developer accused of $630M fraud

The trouble keeps building for National Realty Investment Advisors. Fresh off a bankruptcy filing, the home builder was accused...

Bankrupt NJ developer accused of $630M fraud
Friends of Bay Street Chairman Adam Potter and rendering of new affordable housing and commercial space (LinkedIn, BHC Architects, Illustration by Kevin Cifuentes for The Real Deal)
Tri-State

Affordable housing project proposed for Sag Harbor

The Hamptons are in dire need of affordable housing. A local leader is ready to step into the lurch....

Affordable housing project proposed for Sag Harbor
Kevin Lalezarian and 567 Third Avenue (Google Maps)

Lalezarian has big plans in Murray Hill

Murray Hill is the site of a massive project now in the pipeline that will deliver hundreds of units to the neighborhood. Lalezarian Properties filed plans for a 200-unit mixed-use building at 567 Third...

Lalezarian has big plans in Murray Hill

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