All Things New York City

Top NYC Urban Real Estate Developers

By on Mar 29, 2017 in Business, Real Estate

New York City has some of the world’s most valuable real estate. It is also home to some of the most innovative real estate developers. These developers are constantly in the process of transforming the housing and commercial stock in the city. There are several very experienced and creative urban real estate developers that are always in the process of designing and building new and better places for people to live and do business.

In total, developers created more than 440 residential projects covering 64 million square feet and providing 47,285 units between 2011 and 2015. Even celebrities like Alex Rodriguez, George Clooney, David Robinson and Leonardo Dicaprio are involved in developing real estate in New York City. However, the following companies are considered some of city’s top developers of urban real estate.

Related Companies is among the biggest landlords in New York City. Their projects have put them in control of in excess of 5.8 million square feet of property in some of the city’s hottest neighborhoods. They are currently in the midst of arguably the country’s largest development. The massive 17.4 million square foot Hudson Yards project. It includes five offices towers, 5,000 residential units and lots of retail space.

Extell Development is another of the major players involved in real estate development in New York City. Led by Gary Barnett, the company is already responsible for developing more than 4.5 million square feet of Manhattan real estate. They have put up 12 buildings that combined have produced 2,249 housing units.

The Chetrit Group is another of the big dogs in Manhattan real estate development. By many people’s reckoning they are the third largest developer of real estate in New York City. Currently they have completed 10 buildings. These properties provide more than 2.96 million square feet of residential real estate that is broken up into 1,097 residential units. The company is also very active in Brooklyn. There development work there covers 1.6 million square feet which offers 1,421 residential units.

HFZ Capital is another of the major real estate development companies that are involved in a significant amount of large projects in New York City. The company is responsible for 2.69 million square feet of residential property and 1,094 housing units. Add Macklowe Properties with its 779 residential units spread over 1.9 million square feet and you have New York City’s top five real estate development companies.