Proposed Projects for the New York City’s Real Estate Industry

Most of the New York City’s major real estate developments that were officially proposed in June were huge office projects with the Tishman Speyer’s approximately 1million-square-foot project being the biggest. The Speyer’s project will be carried out in Long Island City. Thor Equities’ nearly 645,103-square foot project is the second biggest. Three of the 10 proposed projects are residential buildings; the sixth one is a hotel, while the rest are office buildings based in Queens and Brooklyn.

Queens Plaza project

The project will consist of two towers of 27 stories containing an office space of 900,509 square feet and 27, 569 square feet manufacturing center. Tishman Speyer will develop the project. The project is located near two Gotham Center, which was developed by Speyer.

Thor Equities’ residential project

Thor Equities will convert the Revere Sugar Refinery into a 645,103 square feet residential building. The building will be located in Brooklyn’s Richards Street.

Steiner NYC’s project

The real estate development firm, Steiner NYC, led by Doug Steiner will construct a building of 249,489-square-foot. Approximately 126,000 square feet is for industrial use while 74,000 will house a supermarket.

OTL Enterprises and Delshah capital office project

These two developers plan to construct a 150,431 square-foot office building in the Downtown Brooklyn area.

Omni New York’s residential rental project (Bronx’s area)
Omni New York is a real estate development firm owned by Eugene Schneur and Mo Vaughn. The developer plans to build 148,318 square feet residential building.

NYCHA’s Office building project

NYCHA is planning to build a 122,955 office building in the Manhattan area.

Other projects include a 31-story hotel in Midtown, Manhattan by Hidrock Realty, an office building of size 77,228 square-feet in Flushing, Queens, and 14-story retail and office building located in Manhattan’s Green Village. The 10th project is a 57,996-square-foot building in the Manhattan’s Midtown area.

Town Residential

Town Residential is a leading NYC real estate company established in 2010 by Andrew Heiberger, who serves as Co-chairman and CEO. In less than a decade, Town Residential has established itself has the major provider of unique real estate services. It specializes in the sale of luxury residential property, leasing, and marketing.

The company has received several awards in the real estate sector. The firm is a partnership of Thor Equities, LLC and Residential Brokerage LLC. A team of highly experienced real estate veterans leads Town Residential.