While Manhattan led in office projects, Brooklyn developments dominated much of the multifamily pipeline. Charney Companies placed second in the rankings with more than 1.4 million square feet of active projects, driven by three major Gowanus developments that capitalized on the city’s 2021 rezoning of the neighborhood and tapped the now-expired 421a tax abatement program.
Many of those same projects also boosted Tavros Capital, Charney’s frequent development partner, which ranked close behind with more than 1.28 million square feet.
Luxury developer Naftali Group remained one of the city’s busiest residential builders, with more than 1.18 million square feet of active projects. Much of that activity centered on Williamsburg Wharf, where the developer continued work on two waterfront rental towers. The firm also forged ahead with two Upper East Side condo projects, capitalizing on the city’s hot luxury market.
Tavros and Charney also built up their condo pipeline through a joint venture in Long Island City, Queens, where they are developing a 600-unit project in the Court Square neighborhood. Charney also filed plans for 95 Rockwell Place, a 182-unit condo building in Fort Greene, Brooklyn.
On the other end of the spectrum, affordable housing developer L+M Development Partners had more than 1 million square feet of active filings across projects in East New York, Upper Manhattan and the Bronx. Douglaston Development also surpassed the 1 million-square-foot mark with projects spread across Brooklyn, Manhattan and the Bronx.