Your Square Footage and Dollar Values, Delivered.
As we turn the corner on the summer months, we’re taking a look at all the new developments and neighborhoods on the rise in New York City. Already there’s been plenty of noteworthy breakthroughs in the tri-state this year, from Harlem’s continuous rise to Brooklyn’s growing sense of dread as the impending L train shutdown approaches. So here’s a quick breakdown of all the buildings and businesses to watch this summer—by the numbers.
1,401: The projected height, in feet, of One Vanderbilt, Grand Central Terminal’s new neighbor that promises to revolutionize New York’s commercial real estate scene upon its completion in 2020.
$433 Million: The amount of funding in the first nine months of 2017 in construction tech, tech being one of the top commercial construction trends to watch in 2018 according to Construction Dive.
26,000: The number of seats in New York City’s first soccer stadium, which is rumored to be coming to the South Bronx in 2022.
$1.28 Million: The median sale price in Fort Greene, Brooklyn, a price tag that saw a 131 percent increase in the first quarter of 2018 alone.
1,000: The height, in feet, that Hudson Yards’ currently-under-construction observation deck will sit at upon completion, making it the highest in the Western hemisphere.
230: The number of units in Phipps Houses’ Far Rockaway project, which will comprise 53,600 feet of commercial space in Queens upon completion.
$3.75 Million: The median sales price in Tribeca, the priciest neighborhood in Manhattan according to a recent PropetyShark study.
10: The number of stories in RJ Capital Holdings’ 107-06 Queens Boulevard project in Queens, which will feature 11,635 square feet of commercial space.
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