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...
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.
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Tri-State
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Fairstead fires back, alleges Blodgett threatened to go “torched earth”
It’s a “he said, they said” battle of Biblical proportions at one of New York’s biggest multifamily players. After...
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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...
Queens boro prez turns on industry, rejects Silverstein’s $2B project
Real estate thought it had an ally in Queens Borough President Donovan Richards. Maybe not. Richards on Thursday night...
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...
Locals fear homeless shelter king will gentrify East New York
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National
“New Kings of New York” author on 5 projects that reshaped NYC real estate
What if we told you that in 2011, a man who turned fertilizer into riches would upend New York...