New York has lately had a bustling real estate market. For June the projects on the verge of being launched have been big time office projects. The largest of them all is a million square foot project for Long Island City It is being brought to life by Tishman Speyer. The company filed permits for two connected tower projects.
Coming in second on the office development front is Thor Equities 654,103 project located on Red Hook’s water front. These two at the top represent the largest of the proposed projects. Three residential buildings are planned. There is one hotel in the works.
Tishman Speyer has another project besides their 27 story Long Island City project. At Three Gotham Center they have plans to build three residential rental buildings. With their partners H&R Real Estate Investment Trust Tishman Speyer was able to secure a 640 million dollar construction loan. The project is near another of their projects,2 Gotham Center.
A hotel project in the works is located at 12 East 48th Street in Manhattan. Hidrock Realty has undertaken the plan to build a 31 story hotel. There will be 161 guest rooms and retail space available on the ground floor. The hotel rooms will be on the 3rd through 29th floors.
In the space of five years Town Real Estate, specializing in NYC properties for rent, has established itself as a big time player when it comes to high end real estate development in New York City.
The firm’s culture is driven by its team of highly skilled professionals with a vast knowledge of experience in the real estate industry. Of the many accolades that has come Town’s way is that it has been voted one of the top 50 places to work in New York City.