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

Rendering of 300 Huntington Street (Monadnock Development, iStock)

No parking? No problem for Monadnock project in Gowanus

A Brooklyn firm that excels at construction, not politics, is nonetheless cruising through the fraught rezoning process to erect...

No parking? No problem for Monadnock project in Gowanus
Ryan Serhant and Gary Barnett on Development Slowdown in Pandemic

Coffee Talk: Extell’s Gary Barnett and Ryan Serhant

You can count on Extell Development’s Gary Barnett not to mince words: The hard stop that the coronavirus pandemic...

Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
Modell's at 360 Fulton Street, Brooklyn (Google Maps)

Former Modell’s site in Downtown Brooklyn up for sale

The bankruptcy of Modell’s Sporting Goods last year could pave the way for a new tower in Downtown Brooklyn....

Former Modell’s site in Downtown Brooklyn up for sale
Corey Johnson (Getty, iStock)
News Analysis

When NIMBYs attack: Why CoJo’s master plan won’t fly

Corey Johnson’s comprehensive planning bill will never pass, for the same reason all such bills never pass: It dilutes...

When NIMBYs attack: Why CoJo’s master plan won’t fly
Mickey Rabina and renderings of his 452,132 square foot building. (Getty, Rabina, Ceruzzi Properties)

The 10 biggest new project filings in NYC

 When it comes to new building filings in the city, 2021 is off to a somewhat slow start. The city’s 10 biggest new building applications filed in January totaled about 2 million square feet...

The 10 biggest new project filings in NYC

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