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

From left: Vorea Group’s Peter Papamichael, Turnbridge Equities’ Andrew Joblon and Chetrit Group’s Joseph Chetrit
Issue

Ranking New York’s most active developers

New York City sprang back to life in the spring of 2021, and its busiest builders were no exception. In the past year, the city’s 20 most active developers filed plans to build nearly...

Ranking New York’s most active developers
Accurate CEO Jack Klugmann and the Fairfield, CT Metro North train station (Accurate, Robert Mortell/via Wikimedia Commons, iStock)
Tri-State

NJ developer buys languishing project in Fairfield

A struggling development project next to the Metro-North station in Fairfield is ready to ramp up with a new...

NJ developer buys languishing project in Fairfield
44th U.S. President Barack Obama (Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
National

Barack Obama blasts liberal NIMBYs

Unlike many issues, NIMBYism doesn’t adhere to party lines. But it’s rare for leaders to call out not-in-my-backyarders on their own side of the political spectrum. Barack Obama just did, blasting progressives’ role in...

Barack Obama blasts liberal NIMBYs
Marble Collegiate Church, HFZ's Ziel Feldman and Vanbarton’s Gary Tischler (Getty, iStock)

Church seeks to escape hellish partnership with HFZ

Marble Collegiate Church thrived for nearly 400 years. Then it made a deal with HFZ Capital Group. The church...

Church seeks to escape hellish partnership with HFZ
Bentley Zhao and 58-01 Queens Boulevard (New Empire Real Estate, Google Maps, iStock)

New Empire plans ambitious condo in quiet Woodside

New Empire Real Estate acquired a site in Woodside where it plans to build a 120-unit condominium, a rarity...

New Empire plans ambitious condo in quiet Woodside

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...