The city is ablaze with new developments in what’s been called by Forbes the best time to be a real estate developer since 2007. The level of investment opportunity in Queens has attracted the spotlight, and in the first 7 months of 2016, the total square footage of proposed development space counted over 3.5M square feet, almost three times as much as in Manhattan or Brooklyn.
See below the 20 largest projects that have filed for construction permits between January and July 2016.
#1. 566 – 586 Gulf Avenue, Staten Island
Total proposed area: 1,415,000 sq ft
Developer: Staten Island Marine Development
Architect: Marguelies Hoelzli Architecture
The project will consist of two vast warehouses and will be part of a larger industrial complex to be completed by this Texas-based developer, in order to serve a future marine terminal. However, much of the developer’s 676-acre property will be preserved as wetlands.
#2. 2810 Queens Plaza South, Queens
Total proposed area: 928,077 sq ft
Developer: Tishman Speyer & Qatari Diar
Architect: MdeAS Architects
This residential and commercial development will include two 27-story towers and is set to be completed in 2019. Tishman Speyer and its financial backers will invest a total of $700M in the project, according to TRD.
#3. 2303 44th Road, Queens
Total proposed area: 855,411 sq ft
Developer: Stawski Partners
Architect: GHW Architects
Currently a derelict industrial property in northeast Hunters Point, the plan for this address is to be turned into a condo development comprised of 921 units. There are no public renderings so far, but see above a 2013 Street View image of the location.
#4. 2315 44th Drive, Queens
Total proposed area: 779,958 sq ft
Developer: United Construction & Development Group
Architect: GHW Architects
#5. 270 Richards Street, Brooklyn
Total proposed area: 645,103 sq ft
Developer: Thor Equities
Architect: Adamson Associates
#6. 460 West 128th Street, Manhattan
Total proposed area: 428,105 sq ft
Developer: Janus Property
Architect: HOK
#7. 443 East 162nd Street, Bronx
Total proposed area: 340,678 sq ft
Developer: Blue Sea Development
Architect: Danois Architects
#8. 3020 Northern Boulevard, Queens
Total proposed area: 315,626 sq ft
Developer: Alma Realty
Architect: P Georgopoulos Architect PC
#9. 1 Clinton Street, Brooklyn
Total proposed area: 294,773 sq ft
Developer: Hudson Companies
Architect: Marvel Architects
#10. 25 Park Row, Manhattan
Total proposed area: 265,658 sq ft
Developer: L+M Development Partners
Architect: Cook Fox Architects
#11. 45 Broad Street, Manhattan
Total proposed area: 257,225 sq ft
Developer: Madison Equities & Pizzarotti Group
Architect: CetraRuddy Architecture
#12. 263 South 5th Street, Brooklyn
Total proposed area: 243,196 sq ft
Developer: Charney Construction&Development & Tavros Development Partners & 1 Oak Development
Architect: Fogarty Finger Architecture
#13. 4511 3rd Avenue, Bronx
Total proposed area: 242,964 sq ft
Developer: St. Barnabas Hospital & L+M Development Partners & Hornig Capital
Architect: Dattner Architects
#14. 5211 111th Street , Queens
Total proposed area: 236,200 sq ft
Architect: Rossetti
#15. 13345 41st Avenue, Queens
Total proposed area: 226,569 sq ft
Developer: Monadnock Development
Architect: SLCE Architects
#16. 2420 Amsterdam Avenue, Manhattan
Total proposed area: 214,012 sq ft
Developer: Youngwoo & Associates
Architect: Marvel Architects
#17. 147 East 86th Street, Manhattan
Total proposed area: 203,157 sq ft
Developer: Ceruzzi Properties & Stillman Development & Kuafu Properties
Architect: HOK
#18. 540 Fulton Street, Brooklyn
Total proposed area: 173,963 sq ft
Developer: Jenel Management
Architect: Marvel Architects
#19. 8948 164th Street, Queens
Total proposed area: 166,885 sq ft
Developer: Bluestone Organization & First Jamaica Community Urban Development Corp
Architect: GF55 Partners
#20. 1185 Broadway, Manhattan
Total proposed area: 164,389 sq ft
Developer: Flag Luxury Properties
Architect: Rafael Vinoly