According to The Real Deal’s examination of residential building permit applications filed between 2011 and Feb. 2014, The Moinian Group is among the top 5 developers in the five boroughs, thanks to a “mammoth project”. The Moinian Group ranks #2 in this list with one project – 605 W. 42nd Street – which accounts for 1.39 million square feet of the developments surveyed. Others in the top 5 include Extell Development, JDS Development, Related Companies, and Continuum Company.
The Moinian Group purchased the site at 605 W. 42nd Street, on 42nd Street and 11th Avenue, in 2005. Construction is moving along rapidly and the 1,174-unit, luxury rental tower is expected to be complete next year.