September’s top building permits have been awarded to investment giants named SL Green Reality, Somerset Partners, Chetrit Group, and Forest City Ratner. The permit applications were received and awarded by Marquee projects. The Somerset group together with the Chetrit group have set a new a record with brand building which seat on more than a million square feet area. The Queens have been left out in this month rankings, however, they have been well represented by four of their largest projects ever done in Brooklyn, 1 in state Island, and three stationed in Bronx.
The SL Green Reality presented their plans to build the Vanderbilt office tower. However, it is not until two years from the time of proposal was their plan approved. The building was designed the Kohn Pedersen Fox and occupies an area of over a million square foot. The tower stands over 6o stories and height is over 1400 feet. The tower’s first to third floor are expected to hold retail space and NYC apartments for rent, while the rest of the floors shall contain offices only.
On the other hand, the Chetrit group has set plans to build, along the Somerset partners, two multi-billion rental buildings in Mott Haven. In addition, another building is set at Lincoln 101 avenue covering slightly less than 800000 square feet. About quarter of the area shall be channeled to retail while the rest shall be devoted to residential units.
Chetrit and Somerset are expected to build a joint mansion at Mott Haven. The building will occupy half a million square feet area. According to reports released via The Real Deal, the joint building shall accommodate retail stores in the first to third floors just as the Lincoln 101 avenue. It will also have a community facility occupying a 3000 –square foot and the rest of space shall contain residential units. The Greenland Forest partners applied for a permit for its 21 acre pacific project in prospects heights. They build a 26-story building, occupying 400000 square feet. The structure was designed by SLCA architects and will host community space, office space, car garage, and residential apartments.
TOWN residential was founded in 2011 by Joseph Sitt and Andrew Heiberger. They specialize in sale, leasing, marketing of residential and also property development. The firm consists of a team of highly qualified professionals with unsurpassed industry skills and knowledge. Currently, TOWN residential is the leading real estate firm in New York.