New York YIMBY

8:00 am on November 20, 2024 By Vitali Ogorodnikov

New York YIMBY’s Q3 2024 Construction Report Shows Nearly 19,000 Filed Residential and Hotel Units

As temperatures begin to drop, New York City’s construction market shows no signs of cooling down. New York YIMBY’s construction report for the third quarter of 2024, based on permit filings submitted to the Department of Buildings during the three-month period from July through September, shows strong filing activity that indicates momentum is continuing from the preceding quarterly tallies. In the third quarter, New York’s developers filed permits for a total of 1,071 new buildings, measuring a combined 26.8 million square feet with 18,935 residential and hotel units. Below, we break the data down in a series of detailed analyses. A complete data sheet, with detailed information on each proposed development, is available with a subscription to YIMBY’s Building Wire.

Rendering Revealed for 245 West 55th Street’s Expansion in Midtown, Manhattan

7:30 am on November 20, 2024 By Michael Young and Matt Pruznick

A new rendering has been revealed for 245 West 55th Street, an 18-story renovation and expansion in Midtown, Manhattan. Developed by New Jersey-based Mandelbaum & Mandelbaum under the 245 West 55th St LLC, the project involves the construction of six new stories above the roof parapet of the current 135-foot-tall mixed-use building, as well as the gut renovation of its 70,000 square feet of interiors and possible residential conversion of its commercial space. The site’s zoning also permits the structure’s renovation for boutique office use, though it is currently unclear which option the developer is pursuing. The property is located on an interior lot between Eighth Avenue and Broadway.

Housing Lottery Launches for 1889 Atlantic Avenue in Bed-Stuy, Brooklyn

7:00 am on November 20, 2024 By Vanessa Londono

The affordable housing lottery has launched for 1889 Atlantic Avenue, a nine-story mixed-use building in Bedford-Stuyvesant, Brooklyn. Designed by JFA Architects & Engineers and developed by The Jay Group, the structure yields 80 residences. Available on NYC Housing Connect are 27 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $68,435 to $218,010.

Photograph of 387 Park Avenue, via TF Cornerstone

Ten-Year Lease Extension Signed at 387 Park Avenue South In NoMad, Manhattan

6:30 am on November 20, 2024 By Max Gillespie

A new ten-year lease extension was recently signed by commerce media company Criteo at 387 Park Avenue South, a 13-story office building located in NoMad, Manhattan. Owned by TF Cornerstone, the building is currently at full occupancy.

540 Atlantic Avenue Rises in Boerum Hill, Brooklyn

8:00 am on November 19, 2024 By Michael Young and Matt Pruznick

Construction is rising on 540 Atlantic Avenue, a two-tower residential development in Boerum Hill, Brooklyn. Designed by NA Design Studio and developed by JCS Realty under the 540 Atlantic Realty LLC, the project consists of two eight-story, 84-foot-tall wings and will yield 159 units with an average scope of 682 square feet, as well as 4,843 square feet of ground-floor commercial space and 51 enclosed parking spaces. The through-lot property is located between 3rd and 4th Avenues with frontage on Atlantic Avenue and Pacific Street.

204 Avenue A Nears Completion in East Village, Manhattan

7:30 am on November 19, 2024 By Michael Young and Matt Pruznick

Work is wrapping up on 204 Avenue A, a seven-story affordable housing building in the Alphabet City section of Manhattan’s East Village. Designed by Shakespeare Gordon Vlado Architects and developed by New York City’s Housing Preservation and Development, the 69-foot-tall structure will span 14,029 square feet and yield ten co-op apartments with an average scope of 930 square feet, as well as 1,464 square feet of ground-floor commercial space, rooftop recreational space, and a 34-foot-long rear yard. The property is located on a narrow interior lot between East 12th and East 13th Streets.

Marymount School's new building at 115 East 97th Street, via COOKFOX

Marymount School Completes Expansion at 115 East 97th Street on Manhattan’s Upper East Side

7:00 am on November 19, 2024 By Max Gillespie and Matt Pruznick

Construction is complete on the Marymount School of New York’s newest school building at 115 East 97th Street on Manhattan’s Upper East Side. PG New York finalized the project by working on the storefronts and canopies on 97th and 98th streets. Designed by COOKFOX and developed by the Marymount School of New York, the ten-story building spans 152,500 square feet and includes modern STEAM classrooms, a FabLab, athletic and dining facilities, a music room, chapel, prayer garden, and theater. The through-lot property is located between Lexington and Park Avenues with frontage on East 97th and 98th Streets.

Permits Filed for 483 Driggs Avenue in Williamsburg, Brooklyn

6:30 am on November 19, 2024 By Vanessa Londono

Permits have been filed to expand a single-structure into a four-story mixed-use building at 483 Driggs Avenue in Williamsburg, Brooklyn. Located at the intersection of Driggs Avenue and North 10th Street, the lot is near the Bedford Avenue subway station, served by the L train. Joel Fried is listed as the owner behind the applications.

The Orchard’s Curtain Wall Continues Installation at 42-22 Orchard Street in Long Island City, Queens

8:00 am on November 18, 2024 By Michael Young and Matt Pruznick

Exterior work is continuing on The Orchard, an 823-foot-tall residential skyscraper at 42-22 Orchard Street in Long Island City, Queens. Designed by Perkins Eastman and developed by BLDG Management Co. under the Building Orchard LLC, the 70-story structure stands as the tallest structure in the borough, taking the title from the Skyline Tower at 23-15 44th Drive. The 635,000-square-foot tower will yield 824 rental units in studio- to three-bedroom layouts, with 248 designated as affordable housing, as well as 13,000 square feet of retail space along Jackson Avenue, 100,000 square feet of indoor and outdoor amenities, and a two-story parking garage with 207 enclosed spaces accessible from a porte-cochere along Orchard Street. The property is alternately addressed as 43-01 Queens Street and 27-48 Jackson Avenue and occupies a full city block along Jackson Avenue between Queens and Orchard Streets.

Excavation Underway At 327 Broome Street on Manhattan’s Lower East Side

7:30 am on November 18, 2024 By Michael Young and Matt Pruznick

Excavation is progressing at 327 Broome Street, the site of a six-story residential building in the Bowery section of Manhattan’s Lower East Side. Designed by Kutnicki Bernstein Architects and developed by The Rinaldi Group, the 8,586-square-foot structure will yield five condominium units. BAM Developers is listed as the owner of the property, which is situated on a 25-foot-wide interior lot between Bowery and Grand Street.

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