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Real Estate Developers in NYC Diversify Projects Across the Metro Area
New York City is known for its elegant towers and its iconic skyline of office buildings and apartments. After the pandemic, NYC was a leader in exploring solutions to repurpose office buildings following the shift to remote work. Now, the city is leading the way in making space for the life sciences industry and other…
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Developers in Philadelphia Work on New Life Sciences & Sports Projects
Philadelphia continues to emerge as a life sciences hub, finally providing a new location away from Boston and the Bay Area. This means space is in extremely high demand with new life science development projects popping up all the time. The other big story in Philadelphia development news is the new 76ers stadium project that…
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Providence Development: Real Estate Developers Remain Unhurried
While commercial real estate demand in the Rhode Island area remains low relative to pre-COVID levels, developers are finding opportunities predominantly in the way of hospitality and housing. The question, however, is whether they’ll have the supplies to do so. Moreover, with interest rates on construction loans reaching above 10%, many developers are selling off…
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Governor and Mayor Take Active Roles in NYC Real Estate Development
Summer is a busy time for NYC developers. As the city continues to rebound from the pandemic slump, more and more projects are taking shape around the city. Below outlines a few projects that have been championed by the governor, mayor, or other local elected officials. The projects demonstrate the desire for officials to play…
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Residential Development Is on the Rise in Greenpoint, Brooklyn
New residential developments are popping up in Greenpoint, Brooklyn. From luxurious condos to affordable housing, developers are building and planning a wide range of residential developments.
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Megaproject Breathes New Life Into Hudson Yards Real Estate
The once office-only tower in Hudson Yards has expanded to include a plethora of new projects that range from new office space, apartments and mixed use properties. Below are a few of the most notable projects among the redevelopment effort. This new project is sure to bring a renewed vitality to the area and an…
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Real Estate Trends in Boston: New Developments in Seaport District
While commercial real estate demand in the Boston area remains low relative to pre-COVID levels, developers are finding fruitful opportunities predominantly in the way of medical labs and affordable housing. Moreover, multiple developers are seeking approvals for waterfront projects in the Seaport district.
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Jersey City Real Estate Development News: An Undeniable Growth Spurt
The once vacant lots around Jersey City will soon be filled with new and modern developments. Several multi-family developments are being planned, proposed, and constructed in Jersey City.
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NYC Approves New Budget with $5 Billion Affordable Housing Allocation
NYC Mayor Eric Adams and the city council reached an agreement on the city’s $101B budget for 2023. $5B is allocated toward affordable housing, which is higher than original expectations. This is part of a larger movement in the city to create units for locals who are being priced out of other upscale projects.