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Here are CoStar's top development stories of 2025

In the face of economic uncertainty, some took risks to change the face of US cities
JPMorgan Chase's new Manhattan tower, at left, is one of several major architectural projects to open in 2025. (Foster & Partners)
JPMorgan Chase's new Manhattan tower, at left, is one of several major architectural projects to open in 2025. (Foster & Partners)
By CoStar News Staff
December 22, 2025 | 5:42 P.M.

High vacancy rates, high tariffs, high construction costs and high uncertainty over the economy were good reasons for caution in 2025, but some developers charged ahead with major projects that may take years to pay off. Here are some that made — or will make — the biggest impressions on the American landscape. Here are some of the top real estate development stories of 2025.

News | Here are CoStar's top development stories of 2025