New York City is always awake, and it is always changing. Supporting all of the changes is a vibrant real estate industry. In June of 2016 there were many new real estate projects proposed including new office buildings, new grocery stores, new hotels, and new residential developments.
Most of the proposed new development in New York City was for high rise office buildings. New office buildings are set to go up in Manhattan, Queens, Flushing, and several other neighborhoods. Residents of Brooklyn are very excited to hear plans of a new Wegmans supermarket being built in Admiral’s Row. There are also plans for a new hotel in Midtown East.
Luxury Real Estate is always a busy market in New York City, and over the past five years TOWN Residential has set the standard for customer service in the luxury market. TOWN Residential specializes in luxury residential leasing and sales. They also work with leasing and sales in new property developments.
TOWN Residential is a partner of Thor Equities, the owner of the new Red Hook waterfront site at the former location of the Revere Sugar Refinery, and an expert in NYC luxury real estate. A feasibility study was conducted for creating a mixed use development on this site. TOWN Residential would surely bring its unsurpassed knowledge and professionalism to this project if it goes through.
It’s an exciting time to be involved in New York City real estate. Large scale buildings are popping up in established neighborhoods, and up and coming areas. Real estate in New York City never sleeps!