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

Madison Realty Capital Co-Founders Josh Zegen and Brian Shatz with a rendering of the River North development (Madison Realty Capital, FXCollaborative)

Madison Realty’s altered plans for SI complex approved

Madison Realty Capital’s project on the St. George waterfront in Staten Island is floating towards fruition. The City Council’s...

Madison Realty’s altered plans for SI complex approved
Clockwise from left: Vornado's Steven Roth with 61-19 Junction Boulevard, Rego Park, Silverstein Properties' Larry Silverstein with 44-01 Northern Boulevard in Astoria and BEB Capital's Bert Brodsky with 1065 Atlantic Avenue in Bedford–Stuyvesant (Images via Google Maps, Getty Images, BEB Capital)

Vornado, Silverstein propose major mixed-use projects

Three developers just filed plans for major mixed-use projects in the outer boroughs. Vornado Realty Trust wants to double...

Vornado, Silverstein propose major mixed-use projects
Rendering of the Meadowlands Sports Arena with Convention Center (Meadowlands 2040 Foundation)
Tri-State

Convention center planned near American Dream mall

The American Dream mall in New Jersey’s Meadowlands could gain a hefty neighbor in the near future: a 460,000-square-foot...

Convention center planned near American Dream mall
374 Fourth Ave in Gowanus, Brooklyn (Google Maps, iStock)

Quinlan plans 197-unit project for Gowanus

As a pivotal decision on Gowanus’ divisive rezoning looms large, another big residential project is sprouting up in the neighborhood. Quinlan Development Group filed plans on Friday for a 197-unit, 207,000-square-foot residential project in...

Quinlan plans 197-unit project for Gowanus

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

Loading...