Upcoming Mega Projects in New York City

The real estate deals that have been formally proposed in New York City were mostly office projects. The biggest of these projects is the Tishman Speyer project. It will have 1 million square feet of space once completed. The project will take place as two connected towers. The second largest building will be Thor Equities. It will have 643,103 square feet of office space once completed. From there, there will be a huge drop in size. They will range from 250, 000 to 57,996 sq. feet of office space. In the top ten, only three of them are residential buildings. In addition, only one of them will be a hotel. Most of them will be office buildings in Queens and Brooklyn.

Some Notable Examples
The Queens Plaza South is a project by Tishman Speyer. The project will be two interconnected towers. As of now, WeWork has already inked lease for 258,000 square feet at one of the towers. This construction site is on the opposite side of the street where Tishman will build residential buildings. The residential project has secured a $640 million loan for the development. The loan was acquired in partnership with H&R Real Estate Investment Trust. The project is also close to a mixed user tower developed by Tishman, which was sold to H&R in 2011.

About Town Residential
The firm is one of the leading luxury real estate firms in New York. The five-year journey to the top has been due to its commitment to quality customer service. To ensure this, they have one of the best teams of Representatives. For anyone looking for the luxury real estate, he or she will no doubt come across TOWN Residential.

The firm specializes in leasing, marketing, leasing property developments; retail and commercial. It is one of the most professionally run establishments in New York. One if its accolade is that it is one of the top 50 places to work in New York.  To see their full listings of NYC properties, check out the official site: http://www.townrealestate.com/.

For anyone in search of real estate services, Town Residential is worth trying. They have gained knowledge in just five years that you may find useful. Their meteoric rise to the helm has been due to their commitment to quality.