Meet NYC's Top 5 Most Active Developers
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Since 2011, according to city permits, NYC’s most active developers are Extell, Moinian, JDS, Related and Continuum. Worth noting: Simon Dushinsky’s Brooklyn-based Rabsky Group cracked the top seven with over 1M SF of development and 1,141 residential units in the pipeline, a testament to how fast a developer that was fairly unknown pre-recession can rise through the ranks after becoming a big-time buyer during the recession, The Real Deal reports. Corcoran Sunshine president Kelly Mack says so many developers are jumping into (or returning to) the market that it may help prices stabilize. [TRD]