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

Golub’s Michael Newman and Azur Cos' Joseph McMillan Jr (Golub & Company’s, Studio Scrivo, SCB)
Chicago

New York developer pivots Chicago tower project

New York developer Azur Cos. and Chicago’s Golub & Company have switched from a hotel to a purely residential...

New York developer pivots Chicago tower project
Yonkers mayor Mike Spano with 354 and 358 Nepperhan Avenue (Google Maps, Yonkers NY, Getty)

Yonkers greenlights $182M in residential, commercial projects

Several residential and commercial projects are moving closer to reality in Yonkers, thanks to preliminary and final approvals of...

Yonkers greenlights $182M in residential, commercial projects
160 NYS Route 25 in Greenport, LI (Google Maps, Getty)
Tri-State

Yellow light for Greenport project

A project that would bring more than three dozen affordable housing units to the increasingly expensive North Fork is getting pushback from the local planning board. Paul Pawlowski’s four-building proposal in Greenport was hit...

Yellow light for Greenport project
A photo illustration of Adam Leitman Bailey (far left) and Miki Naftali (right) (Getty Images, Naftali Group, Adam Leitman Bailey, P.C.)

Naftali tenant suffers blow in holdout battle

In the knock-down, drag-out fight at 215 West 84th Street, building owner Miki Naftali has the tenant blocking his...

Naftali tenant suffers blow in holdout battle
Carmel Partners' Ron Zeff and a rendering of the LIC project (Getty Images, Carmel Partners, Privcap)

Carmel Partners nabs $364M loan for Queens development

Ron Zeff’s Carmel Partners landed a big loan for its planned 66-story residential tower in Long Island City. The...

Carmel Partners nabs $364M loan for Queens development
Healing From Heaven Temple COGIC and Childs Memorial Temple COGIC (Google Maps)

Meet the developer from the Harlem church scandal

Facing mounting repair costs, seven Brooklyn and Harlem churches put their faith in New York developer Moujan Vahdat to...

Meet the developer from the Harlem church scandal

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

Loading...