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

CW Realty's Cheskie Weisz and an aerial of the development site at 296 4th Avenue, 288 4th Avenue, 21 Denton Place (CW Realty, Google Maps)

Cheskie Weisz plans 200 Gowanus apartments

The Gowanus rezoning is supposed to bring about 8,500 new apartments to the Brooklyn neighborhood. Cheskie Weisz plans to chip in 200 of them at a Fourth Avenue site. Weisz’s CW Realty is putting...

Cheskie Weisz plans 200 Gowanus apartments
Boston Properties CEO Owen Thomas and 343 Madison Avenue (Boston Properties, Getty Images)

Boston Properties plans 1M sf tower at ex-MTA HQ

It’s been a long road, but Boston Properties is one step closer to building its big office tower on...

Boston Properties plans 1M sf tower at ex-MTA HQ
1591 Alps Road in Wayne, NJ and March Associates Construction president Louis March (Google Maps, Getty, March Associates)
Tri-State

From funeral home to strip mall

Though the rise of online shopping has prompted eulogies for physical retail, a funeral home in North Jersey could soon be reborn as a strip mall. An affiliate of Wayne-based developer March Associates Construction...

From funeral home to strip mall
From left: Extell's Gary Barnett and JDS Development’s Michael Stern along with One Manhattan Square, The Narrows, and 111 West 57th Street (Extell, JDS Development, Getty Images, The Narrows Condo)

New development sales plummeted 30% in July

Sales of new condominiums in July evoked the Tom Petty classic “Free Falling” — and it’s developers who are home with broken hearts. New development contract activity plummeted 30 percent last month, dipping below...

New development sales plummeted 30% in July
Tavros Capital’s Nicholas Silvers and Charney Companies’ Sam Charney in front of 24-05 thru 24-19 Jackson Avenue in Long Island City (Getty Images, Tavros Capital, Charney Companies, Google Maps)

Tavros, Charney plan 55-story rental on long-stalled site

A Long Island City site where a developer once envisioned Queens’ largest hotel could soon give rise to one...

Tavros, Charney plan 55-story rental on long-stalled site

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