2021 was a massive year for real estate development in NYC, with the construction of several big projects. With that being said, 2022 is gearing up to be an even bigger one. There are numerous projects that are in the process of being planned out and constructed, ensuring some new buildings in the skyline!
Liberty Towers is a mixed-use development in Staten Island and was just recently approved. The project is set to be a total of 4 buildings, including roughly 750 residential units. The project will also supply nearly 225 affordable housing units and roughly 25,000 sq. ft. of retail space.
Another recently approved project comes from developer, Radson Development, out on eleventh Avenue. The proposed dual tower development will consist of everything from hotel rooms, restaurants, and affordable housing units. The project has been in the works for quite some time now and the city is excited to see it finally come to life!
Taking a step outside of Manhattan, Brooklyn is expecting a major mixed-use development on Fulton Street. The 52-story project, developed by Redsky Capital, will consist of primarily rental housing units and some significant ground floor retail space. Although the project has not begun construction, demolition has started and the project will certainly add to the beautiful skyline of Brooklyn and keep up with the trendiness of the rest of the city.
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New York Digest