Though new Manhattan developments were the heaviest hitters in terms of size this year, the outer boroughs more than held their own.
Half of the ten largest permit applications — by square footage — for new developments in the city were for projects in the outer boroughs. Emerging major real estate playgrounds, like Long Island City and the Bronx, topped the list, falling not too far behind the biggest development proposed this year: SL Green Realty’s One Vanderbilt in Midtown East. Property Markets Group and the Hakim Organization’s 40 Riverside Boulevard in Long Island City is slated to be the tallest tower in the city outside of Manhattan. The project will span more than 800, 000 square feet. In the Bronx, Somerset Partners and Joseph Chetrit’s Chetrit Group are busy building up the waterfront, where they are ultimately planning 1.2 million square feet of development.
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Here are the top permit applications filed in 2015, compiled from data from the Department of Buildings and PropertyShark:
Read the full story at The Real Deal, by Kathryn Brenzel
