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

Uptown ATX (Brandywine Realty Trust)
National

$24M metro station for $3B Texas development breaks ground

MetroRail riders are getting a new stop for a new mixed-use, transit-oriented development under construction near the Domain in...

$24M metro station for $3B Texas development breaks ground
Grammy winner Pharrell Williams and David Grutman of Groot Hospitality (Getty Images, Groot Hospitality, TripAdvisor)
National

Pharrell, David Grutman teaming up on 400-key Bahamas resort

Grammy winner Pharrell Williams and hospitality entrepreneur David Grutman are ready to test their business relationship in international waters....

Pharrell, David Grutman teaming up on 400-key Bahamas resort
(iStock/Illustration by Steven Dilakian for The Real Deal)

Hochul plan for resi towers is tall order

Sixty years ago, when the state lawmakers decided to rein in residential construction, they likely did not foresee a crop of slender towers soaring above Central Park. But developers found ways to make the...

Hochul plan for resi towers is tall order
Lenox Grand 13505 Burnet Road, Austin, Texas (OHT Partners)
National

A 16-acre multifamily development headed to North Austin

Multifamily developers are trying to keep up with all the new office space going up in North Austin’s Domain...

A 16-acre multifamily development headed to North Austin
Ben Hakimian, founder, Hakimian Organization; 244 West 49th Street (Google Maps, KSU)

Hakimian changes Midtown hotel plans to residential

“When events change, I change my mind. What do you do?” Nobel-winning economist Paul Samuelson famously said. The Hakimian...

Hakimian changes Midtown hotel plans to residential

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