New York YIMBY

2 World Trade Center. Photo by Michael Young.

8:00 am on May 26, 2026 By Vitali Ogorodnikov

New York YIMBY’s 2026 First-Quarter Construction Report Tallies a Dramatic Increase in Development

In December 2024, the New York City Council passed The City of Yes for Housing Opportunity, a sizable zoning amendment meant to facilitate and encourage much-needed residential construction in the housing-starved megapolis. A year later, the legislative measure already appears to yield much-welcome positive results. A data sheet that provides detailed information on each proposed project and their development teams is available with a subscription to YIMBY’s Building Wire.

Red Hook, Brooklyn. Photo by Michael Young.

New Residential And Commercial Projects Underway in Red Hook, Brooklyn

7:30 am on May 26, 2026 By Michael Young and Matt Pruznick

YIMBY recently visited Red Hook, Brooklyn to check in on five low-rise residential and commercial buildings under construction. The projects are all located west of Dwight Street in the northern end of the district, within walking distance of the Red Hook ferry terminal, and are emblematic of the city’s steady transformation of former industrial areas into vibrant mixed-use communities.

Developers Secure $374 Million Refinancing for Williamsburg Wharf in Williamsburg, Brooklyn

7:00 am on May 26, 2026 By Max Gillespie

Naftali Group and Access Real Estate have secured a $374.35 million refinancing for Phase I of Williamsburg Wharf, a 3.75-acre waterfront development at 470 Kent Avenue in Williamsburg, Brooklyn. The loan was provided by Barings and refinances the project’s first phase, which includes the rental buildings Two, Three, and Four Williamsburg Wharf. The property is bounded by South 10th Street to the north, Division Avenue to the south, Kent Avenue to the east, and Wallabout Channel to the west.

Permits Filed for 37-09 36th Avenue in Long Island City, Queens

6:30 am on May 26, 2026 By Vanessa Londono

Permits have been filed for a 26-story mixed-use building at 37-09 36th Avenue in Long Island City, Queens. Located between 37th Street and 38th Street, the lot is near the 36th Street subway station, served by the E, F, M, and R trains. Elie Pariente is listed as the owner behind the applications.

Office-To-Residential and Commercial Renovation Projects Underway in Midtown East, Manhattan

8:00 am on May 25, 2026 By Michael Young and Matt Pruznick

YIMBY checked in on four ongoing projects in Midtown East, Manhattan, including three office-to-residential conversions and one commercial modernization. The projects are located between East 51st and 57th Streets and are representative of the wave of adaptive reuse efforts unfolding across the city to increase the supply of housing and make offices more tenant friendly.

880-900 Garfield Avenue. Rendering courtesy of Beyer Blinder Belle.

Renderings Reveal Phase One Of Canal Crossing Master Plan in Jersey City, New Jersey

7:30 am on May 25, 2026 By Michael Young and Matt Pruznick

New renderings have been revealed for phase one of Canal Crossing, a forthcoming ten-story residential building at 880-900 Garfield Avenue in the Bergen-Lafayette neighborhood of Jersey City, New Jersey. Designed by Beyer Blinder Belle and developed by Boraie Development, the structure will yield 293 rental units, with 59 dedicated to affordable housing. The project will also include 11,426 square feet of ground floor retail split between three storefronts.

NYC Parks Breaks Ground On Mario Fajardo Playground Reconstruction In Flushing, Queens

7:00 am on May 25, 2026 By Max Gillespie

NYC Parks has broken ground on a $5.6 million reconstruction of Captain Mario Fajardo Playground in Kissena Corridor Park, located at Kissena Boulevard and Booth Memorial Avenue in Flushing, Queens. The project is led by NYC Parks with funding from the Queens Borough President and New York City Council.

Permits Filed for 877 Grand Street in East Williamsburg, Brooklyn

6:30 am on May 25, 2026 By Vanessa Londono

Permits have been filed for a ten-story residential building at 877 Grand Street in East Williamsburg, Brooklyn. Located between Olive Street and Bushwick Avenue, the lot is near the Grand Street subway station, served by the L train. Mendy Schwimmer is listed as the owner behind the applications.

Willets Point Commons Phase One Reaches Completion In Willets Point, Queens

8:00 am on May 24, 2026 By Max Gillespie and Matt Pruznick

Construction is complete on Willets Point Commons, two 12-story residential buildings in the first phase of the redevelopment of Willets Point, Queens. Designed by S9Architecture and developed by Queens Development Group (QDG), a joint venture between Related Companies and Sterling Equities, the structures yield a total of 880 affordable units. The project is being completed in partnership with the New York City Department of Housing Preservation & Development (HPD), the New York City Housing Development Corporation (HDC), and the New York City Economic Development Corporation (NYCEDC). The buildings are bounded by Willets Point Boulevard to the northwest, Roosevelt Avenue to the south, and Flushing Creek to the east.

273 Orange Street. Rendering courtesy of Musial Group.

Two New Residential Towers Approved For 253 & 273 Orange Street in Newark, New Jersey

7:30 am on May 24, 2026 By Michael Young and Matt Pruznick

Developer Pedro Gomes is set to transform a set of vacant lots at 253 and 273 Orange Streets in to a 14- and 17-story residential building in the University Heights section of Newark, New Jersey. Designed by Musial Group, 253 Orange Street, aka Christiano, will yield 85 units in studio to two-bedroom layouts, while 273 Orange Street will yield 140 units. Both properties are located between Clifton Avenue and Nesbitt Street.

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