Commercial property development companies specialise in creating new business properties and renovating existing structures. Working closely with architects, engineers, and contractors makes projects a reality.
Commercial property development companies in NYC boast an outstanding track record. Their top experts can negotiate advantageous lease terms with tenants while providing annual rental increases with an escalation clause.
Durst Organisation
The Durst Organisation is one of New York City’s premier commercial property development firms and family businesses, responsible for iconic structures like One World Trade Centre. Established by Eastern European immigrant Joseph Durst in 1915, The Durst Organisation began by purchasing land parcels before developing them further over time – while continuing to follow its founding principles of integrity, community involvement, and sustainability in building homes and commercial properties throughout NYC today.
Alongside its high-profile projects, this firm is also working towards making its buildings more energy-efficient by installing energy-saving lighting, water conservation measures, and recycling programs into their properties. They have even constructed a model organic farm to highlight sustainable farming.
The firm has also been investing in Philadelphia, Pennsylvania. Their plans to reimagine Philadelphia’s waterfront, Penn’s Landing, with two mixed-use developments will include retail shops, offices, and residential units. Working alongside local organisations, they aim to provide jobs to city residents during the construction of these projects.
Related Companies
Commercial property development companies are an arduous and intricate task that demands the involvement of a diverse team of specialists – including real estate agents to source land; engineers and architects to plan the project; attorneys to form the legal structure that will facilitate development; tax experts who can maximise tax advantages of transactions as well as environmental/land use experts who interact with local officials to address zoning issues;
Related and its subsidiary Time Warner Centre have experienced tremendous success, prompting Related to embark on Hudson Yards – an unprecedented endeavour transforming Manhattan’s West Side Railyards into an urban neighbourhood filled with apartments, offices, retail space and parkland. Related CEO Stephen Ross described Hudson Yards as “like Time Warner on steroids”.
Related’s senior management team boasts an average experience level of over 20 years in real estate and over 14 with the company. Thanks to their collective knowledge and skill sets, these professionals can take on even the most complex projects with excellent results.
Related is one of the largest mixed-use developers in the US and has proven its expertise at building vibrant neighbourhoods with dynamic living experiences – blending luxury apartments and condominiums with top restaurants and retail. Their entire buildings and thoughtful amenities have garnered numerous awards and accolades.
RXR Realty
RXR Realty, with headquarters in New York and a national platform strategy, is a 500-person vertically integrated real estate operating and development company with expertise in multiple value creation activities, such as ground-up real estate development, uncovering the hidden value in distressed investments and repurposing iconic properties, cutting-edge real estate technologies integration and value-added lending.
This firm specialises in developing retail, office, and mixed-use assets in the New York metropolitan area. Each project creates a sense of community while drawing tenants. Their portfolio covers over 25.5 million square feet.
Avery Hall Investments
Avery Hall Investments is a real estate development company dedicated to acquiring and developing unique assets with the potential for substantial growth. Their team collaborates closely with local communities and their institutional partners throughout each acquisition stage, from architectural/zoning feasibility studies through day-to-day construction management and final disposition. They aim to produce projects that enhance Brownstone Brooklyn residents’ quality of life while contributing to long-term value appreciation.
Developers intend to purchase city-owned air rights at a Fourth Avenue transit substation as part of the proposed Gowanus rezoning to add more apartments to their building. But they must first win an RFP (Request for Proposal) public bidding process before success.