The top 10 biggest real estate projects coming to NYC

Apr 16, 2018

5) 1701 Village Lane, Queens
The third building in the Far Rockaway complex at 1701 Village Lane would be entirely residential. This Marvel Architects-designed building would contain 232 housing units spread across 15 stories and 229,477 square feet of space, according to permits.Queens dominated the list of New York’s biggest projects in March.

The borough took six of the top 10 spots on the list, three of which were part of a large new mixed-use complex replacing a derelict shopping center in Far Rockaway. The others were located in Springfield Gardens, Astoria and Forest Hills.

However, the top two projects planned for New York City last month were both located in Brooklyn. The largest project was a 446-unit development out on Coney Island, while the second largest was a 330-unit project in Crown Heights. Brooklyn and Manhattan had two spots each on March’s list, while the Bronx and Staten Island did not have any.

The full list of March’s top 10 biggest real estate projects is below:

2) 1101 President Street, Brooklyn
The number two spot on March’s list went to the controversial Bedford-Union Armory project led by BFC Partners at 1101 President Street in Crown Heights. The 15-story project spans 300,487 square feet and contains 330 residential units, and Marvel Architects is designing it.

3) 1720 Village Lane, Queens
A trio of Far Rockaway properties comprised numbers three, four and five on March’s list. The largest of the three is located at 1720 Village Lane, where affordable housing developer Phipps Houses is planning a 12-story, 230-unit project designed by Marvel Architects spanning 275,180 square feet. The project would be split between 220,503 square feet of residential space and 53,600 square feet of commercial space. The buildings are part of what is being called the Far Rockaway Village, a mixed-income housing development with a public plaza and retail space that is expected to replace the Far Rockaway Shopping Center, long considered an eyesore in the neighborhood. The property was previously owned by notorious Queens landlord Rita Stark, who died in the fall of 2016 and was disliked by locals for refusing to develop her portfolio of properties.

5) 1701 Village Lane, Queens
The third building in the Far Rockaway complex at 1701 Village Lane would be entirely residential. This Marvel Architects-designed building would contain 232 housing units spread across 15 stories and 229,477 square feet of space, according to permits.

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