NEW YORK CITY—Creating a new neighborhood in New York City is not an easy undertaking. In fact, it’s an effort that many people wouldn’t consider attempting. Luckily, four developers did, and they sat down together last week—at NYU Schack Institute of Real Estate 48th annual conference on capital markets in real estate—to discuss what made them do it and what steps were involved in the projects.

Jared Kushner, CEO, Kushner Cos., discussed the DUMBO Heights project in Brooklyn; Ric Clark, senior managing partner and CEO, Brookfield Property Partners, provided detail on Manhattan West; Marty Burger, CEO, Silverstein Properties talked of course about the World Trade Center and Related Cos. CEO Jeff Blau spoke on Hudson Yards.

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