Five of the Biggest Real Estate Projects on the Horizon

Posted on Thu, 03-17-2016

39-41 West 23rd Street

These are 5 of the biggest real estate projects hitting the NYC real estate market.

In a city where large scale real estate projects crop up seemingly overnight, it can be a bit daunting to keep track of all the development. We’ve compiled five of the top real estate projects slated for the city in the coming months–and for the first time in years, Brooklyn isn’t on the list.

147 East 86th Street, Manhattan- Designed by HOK Architects with Stillman Development, Kafu Properties, and Ceruzzi Properties overseeing development, this 210,000 sqft, Upper East Side condo building will feature 63 2-5 bedroom residences with prices approximately $3,000 per sqft. The two bottom floors will offer upscale retail space. Renderings from HOK Architects show a corner building with a glassy facade and a sleek, modern aesthetic.

39-41 West 23rd Street, Manhattan- A new, 101,000 sqft condo building is coming to the Flatiron District and will take up residence on West 23rd between Fifth and Sixth Avenues. The residential project is being designed by COOKFOX Architects, with Anbau enterprises overseeing development. Of the 48 residences, Anbau has given permission for four of them to be affordable rental units, in negotiations with city zoning. Rendering from the developer’s website show a glassy facade featuring wrought iron terraces, an abundance of greenery, and an organic, natural feel.

460 West 128th Street, Manhattan- Janus Property Company–owned by Scott Metzner and Jerry Salama—one of Harlem’s most renowned developers–is building a 428,000 sqft office and retail complex in the neighborhood. The 12-story building will have ground floor retail shops and an abundance of community space, including an urban outdoor recreation center and medical center. HOK are the architects on record on this project, Renderings are not yet available on the redevelopment of this former warehouse space.

23-15 44th Drive, Queens-This Goldstein, Hill & West Long Island City residential project will be developed by United Construction and Development Group. The 79-story, 778,00 sqft mixed use tower, named Court Square City View Tower, will have 774 apartments and approximately 20,000 sqft of lower level retail space. United Construction and Development Group’s owner, Chris Xu, purchased the land last summer from Citigroup for $143 million.  

30-20 Northern Boulevard, Queens- The Apple Building in Long Island City is the site for this future 315,000 sqft office and retail building. The 10-story building will likely feature a big-box outlet tenant–or at least, that is who Winick Realty Group is marketing its retail space for. Alma Realty are the developers on record for the complex, and their renderings show a modern rectangular building on a glassy, geometric base with a vast, landscaped terrace on the roof of the base. The site was purchased five years ago for $21.5 million.    

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