TOP 10 BIGGEST REAL ESTATE PROJECTS COMING TO NYC

If the top 10 biggest new real estate projects are any indication, New York City’s skyline is set to be inundated with a new crop of tall buildings.

In total, the top permit applications filed with the city’s Department of Buildings in March account for 2,630 units in Manhattan, Brooklyn, Queens and the Bronx.

Kevin Maloney’s Property Markets Group landed in first place with its 70-story Long Island City tower that is expected to span more than 829,000 square feet. Sharif El-Gamal’s hotel project at West 40th Street and Seventh Avenue rounded out the top 10, according to data from PropertyShark. In March, four of the biggest projects were located in Manhattan, three in Queens, two in the Bronx and only one in Brooklyn.

29-37 41st Avenue, Queens
Queens Plaza Park Development — a partnership between Property Markets Group and the Hakim Organization — is looking to build an 829,260-square-foot tower. The development site hit the market last year for $50 million and was ultimately sold for $46 million.  The 70-story, 772-foot-tall tower at the site will house 930 units and is being designed by SLCE Architects. The building is slated to include 15,000 square feet of commercial space.

10 Riverside Boulevard, Manhattan
Extell Development and the Carlyle Group filed plans to build their 414,013-square-foot tower at 59th Street and Riverside Boulevard on the Upper West Side. The 36-story building is slated to stand 420 feet tall and include 288 units, as well as 1,400 square feet of basement commercial space. The developers bought the lot on the Far West Side for $50.3 million in 2005. Goldstein Hill & West is the architect of record.

130 William Street, Manhattan
David Lichtenstein’s the Lightstone Group is planning a 50-story skyscraper in the Financial District. Plans call for 337,670 square feet that will be divided among commercial, residential and hotel use. The building will house 188 units, according to the plans. Goldstein Hill & West is the architect of record. Lightstone bought the property in 2014 for $60 million.

2848 Brainbridge Avenue, the Bronx
Ursuline Bedford Park Convent is looking to build a 229,978-square-foot building that will be connected to two existing buildings — one with two stories and the other with four stories — at the site. The OCV Architects-designed property will include 184 residential units.

Read More…http://therealdeal.com/blog/2015/04/15/top-10-biggest-real-estate-projects-coming-to-nyc-6/

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