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

(Credit: iStock)

Brooklyn and Queens condo data show inventory shrank

New development condo report Brooklyn • Inventory contracted as developers filed fewer units than were purchased • Developers filed...

Brooklyn and Queens condo data show inventory shrank
Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

One called for a total shutdown of business. Another advised startups to plan for zero revenue for six months....

TRD Talks: How developers are contending with coronavirus
Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze

To stem the coronavirus pandemic, the city paused more than 100 zoning applications Monday from going through the public...

These projects could be held up by New York’s rezoning freeze
Morris Moinian and 1150 6th Avenue (Credit: Noam Galai/Getty Images, Google Maps)

Morris Moinian to sell site of stalled hotel project

Four years after receiving approval to build a 26-story, 310-key hotel at 1150 Sixth Avenue, developer Morris Moinian has...

Morris Moinian to sell site of stalled hotel project
An aerial of Flushing's waterfront and New York City Council member Peter Koo (Credit: Google Maps)

Massive Flushing waterfront development stirs opposition

A planned mixed-use development on the Flushing waterfront is meeting steep pushback in Queens. A proposed rezoning proposed by...

Massive Flushing waterfront development stirs opposition
133-25 37th Avenue in Flushing

Developer Gary Tsan buys Flushing property for $60M

Local developer Gary Tsan has purchased one of Downtown Flushing’s last remaining large land parcels for $60 million, according...

Developer Gary Tsan buys Flushing property for $60M
South Carolina town puts moratorium on development (Credit: iStock)

The high cost of low taxes: South Carolina town bans all development for 16 months

Slashing taxes and taking a hands-off approach to governance attracted thousands of residents to places like in Lake Wylie,...

The high cost of low taxes: South Carolina town bans all development for 16 months
U.S. Rep. Alexandria Ocasio-Cortez and Sunnyside Yards (inset) (Credit: Getty Images and Wikipedia)

AOC resigns from Queens megadevelopment steering committee

Rep. Alexandria Ocasio-Cortez resigned from the steering committee planning the development of a 180-acre Queens site after being pressured...

AOC resigns from Queens megadevelopment steering committee
Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

The Treasury Department is investigating a federal tax break that was designed to help low-income communities, but has proved...

Trump’s Opportunity Zone program is under investigation
The agreement was signed today at UBC’s New York Council offices in Manhattan by Nathan Blecharczyk, Airbnb co-founder, Chief Strategy Officer, and Frank Spencer, General Vice President of UBC.

Airbnb hammers out partnership with carpenters’ union

Airbnb has partnered up with one of North America’s biggest trade unions as it deepens its foothold in real...

Airbnb hammers out partnership with carpenters’ union
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