Arguably the most palpably alive city in the world, NY’s real estate market is thriving. While London still flounders in Brexit woes, the boroughs of NY are booming with real estate developments.
Hungry Brookylnites will be pleased with the addition of a 74,000 square foot Wegman’s grocery on 21 Flushing Avenue, lead by Steiner NYC as part of the revamping of Admiral’s Row. The Brooklyn Navy Yard Corporation requested for Steiner to lease the properties for 96 years, meaning the six-acre site will be redeveloped entirely.
Despite the bad reputation of some developers being classist with their notorious separate entrances in mixed-income buildings, the Bronx will be home to a brand new 154-unit residential rental building in Melrose by a more progressive firm, Omni New York. Prominent for their work with tenant advocacy groups and the go-to developer for affordable housing, this will be a more progressive Park Avenue development.
The biggest project proposed for the year is Tishman Speyer’s almost 1 million square foot office building in Long Island City. The building will have two separate towers of 27 stories and boasts a 900,509 square feet of office space and almost 28,000 square feet for manufacturing. Permit applications have already been filed with the city, meaning 2 Gotham Center will definitely be getting a new and massive neighbor.
New Yorkers interested in real estate look to firms like Town Residential, which boasts an unparalleled team of the industry’s expert brokers and agents, to cater to their many needs and whims. Both nuanced knowledge and experience are crucial to success in luxury real estate, and Town exceeded client expectations time and time again by becoming New York’s most prominent luxury real estate services firm.
Town offers numerous conveniently located offices in the busiest hubs of the city, making sure they are accessible to both representatives and customers. Consistently cited in the press for their expertise, 8 of their representatives were named as America’s Top 1000 Real Estate Professionals in 2016. A quintessential fixture in New York real estate, Town has crossed the Mason-Dixon line to also offer thousands of properties in Miami.