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

A rendering of Gowanus Green and HPD commissioner Louise Carroll (Rendering via Jonathan Rose Companies)

Massive Gowanus development will be 100% affordable

Gowanus Green, a massive residential complex planned for the industrial Brooklyn neighborhood, is going fully affordable. The de Blasio...

Massive Gowanus development will be 100% affordable
Sheldon Solow (Getty)

Billionaire developer Sheldon Solow dies at 92

Sheldon Solow, the billionaire developer known for his litigious tendencies, died at the age of 92. The cause of...

Billionaire developer Sheldon Solow dies at 92
Peter Koo and the Flushing waterfront (Facebook, Flushing Waterfront, rendering by Jeff Strikeman Architectural Art)
News Analysis

Flushing … another project down the toilet?

Wacky stuff is happening at the City Council. Not long ago, a proposed Special Flushing Waterfront District was supposed...

Flushing … another project down the toilet?
A rendering of the Flushing waterfront and City Planning commissioner Michelle de la Uz (Rendering via Hill West Architects; New York Housing Conference)

City Planning approves Special Flushing Waterfront District

A controversial 13-tower project planned for Flushing’s waterfront is one step closer to approval. The City Planning Commission on...

City Planning approves Special Flushing Waterfront District
Homebuilders continue to be responsible for the majority of dollars spent on construction (iStock)
National

Construction spending up from a year ago

Construction spending this year is up 4.1 percent from last year, according to new data for September. During the first nine months of the year, some $1.058 trillion has been put toward public and...

Construction spending up from a year ago

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