In terms of “best” places for real estate expansion, New York City tops the list for large scale new building projects. Due to the phenomenal projected growth rates, New York real estate is experiencing an upsurge in office buildings with higher than average space and floors. None of the buildings will have less than 40-50 floors and in all there are ten multi million-dollar projects underway.
According the date compilation firm, Property Shark; the most substantial of the upcoming projects is the million square footage office complex, being built by the top real estate development company, Tishman Speyer. The building is being constructed in Long Island City. This project, One and Three Gotham Center, is much like the “former” World Trade Center complex, featuring two connected towers.
The second most expansive construction project is a 645,100 square foot office building, located waterfront at 270 Richards Street. This office complex is being developed by Thor Equities. Mostly, the ten large scale projects are office buildings, with the exception of three luxury residential complexes.
These residential complexes will be surrounded by large scale office buildings, all of which are being built in the Long Island City area. Because Long Island City is considered a prime area for high end real estate development. Earlier this year, Tishman Speyer solicited alternative funding for the One and Three Gotham building project from the EB-5 program.
Just as interest is growing in high-end office space, there is a special consideration for lifestyle needs in residential living places. As a leader in specialty living, Town Residential is accustomed to servicing the demand for luxury apartments. The company was founded in 2010 and has quickly grown into a reputable agency for high-end residential sales and leasing.
Headquartered in New York, and with many luxury apartments for rent, Town Residential specializes in luxury apartment living. The availability and sales of high-end apartments includes the neighborhoods and surrounding areas of Tribeca, Murray Hill, Soho, Gramercy Park, the Flatiron District, Battery Park, Midtown West, and the Lower East Side. And in Florida, leasing includes luxury residences throughout the Miami area, as well as properties in Brickell and Orlando.