Commercial property development is a process that involves the building of commercial real estate. It requires the work of many professionals, including architects, civil engineers, and site planners; market consultants who analyze demand; attorneys who handle contracts and government approvals; and surveyors. For more commercial property development companies near me, click here.
Among the most prominent commercial property landlords in NYC, Silverstein Properties has an impressive portfolio of high-rise buildings. They’re currently working on the tower at 41-47 West 57th Street, including 119 condo units.
L+M Development Partners
L+M Development Partners is a full-service real estate firm responsible for the development, investment, and construction of affordable and market-rate housing. Founded in 1984, the company is also committed to improving the neighbourhoods where it works. It has an excellent track record and is responsible for over $10 billion in development and investments. Its projects are known for their excellence and quality.
The company’s work includes the Essex Crossing complex on Manhattan’s Lower East Side, where several buildings are 100% affordable. The firm has also completed a large project in Brooklyn called MetroTech Center, a commercial, academic and high-technology complex that has helped revitalize the area.
Extell Development
The company is a leading real estate developer and operates nationally acclaimed residential, commercial, retail, hospitality, and mixed-use properties. Extell’s portfolio includes over 20 million square feet of high-quality, sophisticated property distinguished by superior design and gracious floor plans.
Several residents of the Upper East Side complained that the construction site on First Avenue was unsafe and dark. State Assemblymember Rebecca Seawright urged Extell Development to improve the conditions of the full-block development site. She said she has been getting complaints from seniors about their safety while walking near the building site. She called the construction practices unacceptable for a residential neighbourhood. The company has not yet responded to the allegations.
SRG2
GHP is a full-service, vertically integrated commercial property development firm. They own, finance, design, and manage properties occupied by a diverse mix of national, regional, and local retailers. They also own Velocity, a division that offers shared workspace properties for entrepreneurs and small businesses. Velocity spaces exist in White Plains, Pleasantville, Mount Kisco, and Hawthorne.
They specialize in acquiring properties that have the potential for value creation. Their team is experienced in repositioning and redeveloping properties, finding efficiency in complex real estate transactions, and handling community relations issues.
The company has worked on many high-profile projects in New York City. Their upcoming project is 41-47 West 57th Street, a massive tower on Billionaire’s Row that will include 119 condo units and a 158-room hotel. OMA designed the building. They are also working on Greenpoint Landing, a waterfront development in Brooklyn. The product will include office space, residential, and retail. For more commercial property development companies near me, click here.
Admiral Development
Admiral Development is one of San Antonio’s leading commercial real estate firms, acquiring, developing and managing office and industrial assets for its account and in partnership with a wide range of institutional investors. The firm has a long track record of success in opportunistic and value-added investments. Its current investment includes a value-added portfolio of office buildings, multifamily projects, and two hotel properties. Its most recent project is a joint venture with Northern California-based South Bay Development Company to recapitalize and renovate 4500 Great America Parkway, a prominent office building in the reinvigorated Silicon Valley office market. The firm also owns a performing mortgage on a non-gaming hotel property.
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