Developers in New York opened 42 million square feet of new construction buildings last year. This marked a 36 percent increase compared to 2017, according to PincusCo. The developers Related Companies, Matrix Development Group and Extell Development accounted for almost a quarter of the total with 10.4 million square feet across 16 buildings in Manhattan, Queens and Staten Island. Most of the new construction—about 28 million square feet—was residential. There were 1,954 projects completed overall […]
source https://therealdeal.com/2019/02/01/nyc-saw-42m-sf-of-new-development-last-year/
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