New York YIMBY

655 Madison Avenue. Photo by Michael Young.

8:00 am on July 30, 2026 By Michael Young and Matt Pruznick

Excavation Begins for 1,162-Foot Mixed-Use Supertall at 655 Madison Avenue on Manhattan’s Upper East Side

Excavation is underway at 655 Madison Avenue, the site of a 74-story mixed-use supertall skyscraper on Manhattan’s Upper East Side. Designed by Beyer Blinder Belle and developed by Extell, the 1,162-foot-tall structure will span 764,698 square feet and yield 154 condominium units with an average scope of 3,091 square feet. The project will also include approximately 233,000 square feet of office and retail space on the lower levels. The property is located at the northeast corner of Madison Avenue and East 60th Street.

Excavation Underway For 545 Coney Island Avenue In Kensington, Brooklyn

7:30 am on July 30, 2026 By Max Gillespie

Excavation is progressing at 545 Coney Island Avenue, the site of a seven-story mixed-use building in Kensington, Brooklyn. Designed by Daniel Condatore and developed by Zelig Weiss of Riverside Developers under 545 Coney Island LLC, the 70-foot-tall structure will span 51,026 square feet and yield 74 rental units with an average scope of 640 square feet. The project will also include 3,627 square feet of commercial space, a cellar, and 37 enclosed parking spaces. The property is located between Webster Avenue and Newkirk Avenue.

Housing Lottery Launches for 733 Lincoln Place in Crown Heights, Brooklyn

7:00 am on July 30, 2026 By Vanessa Londono

The affordable housing lottery has launched for 733 Lincoln Place, a five-story residential building in Crown Heights, Brooklyn. Designed by Michaelis Boyd and developed by JCS Realty, the structure yields 99 residences. Available on NYC Housing Connect are 60 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $126,412 to $238,160.

Permits Filed for 243 East 125th Street in East Harlem, Manhattan

6:30 am on July 30, 2026 By Vanessa Londono

Permits have been filed for a 14-story mixed-use building at 243 East 125th Street in East Harlem, Manhattan. Located at the intersection of Second Avenue and East 125th Street, the lot is near the 125th Street subway station, served by the 4, 5, and 6 trains. Kristin Miller of East Harlem MEC Parcel C LP is listed as the owner behind the applications.

Rendering of 625 Madison, courtesy of Related Companies.

Foundations Underway for 684-Foot Office Skyscraper at 625 Madison Avenue in Midtown, Manhattan

8:00 am on July 29, 2026 By Michael Young and Matt Pruznick

Foundation work has begun at 625 Madison Avenue, the site of a 34-story commercial skyscraper in the Plaza District of Midtown, Manhattan. Designed by Foster + Partners and Gensler and developed in a partnership between Related Companies and Andrew Mathias, the 684-foot-tall structure will yield 858,500 square feet of carbon-neutral office space. Both of these figures are a substantial departure from previous plans, which called for a 1,264-foot residential supertall. The property is located between East 58th and 59th Streets, between the Plaza District office core and Billionaires’ Row residential corridor.

65 Franklin Street Rises Above Grade In Tribeca, Manhattan

7:30 am on July 29, 2026 By Max Gillespie

Construction is rising on 65 Franklin Street, a 24-story residential building in Tribeca, Manhattan. Designed by COOKFOX Architects and developed by Sky Equity Group under the 65 Franklin LLC, the 293-foot-tall structure will span 235,000 square feet and yield 106 condominium units in one- to five-bedroom layouts. The project will also include 17,000 square feet of commercial space on the first two floors, a private porte-cochère entrance, and a 24-space parking garage in the cellar. The property is located at the southeast corner of Franklin Street and Broadway.

Housing Lottery Launches for 2838-2840 Webb Avenue in Kingsbridge, The Bronx

7:00 am on July 29, 2026 By Vanessa Londono

The affordable housing lottery has launched for 2838-2840 Webb Avenue, two four-story residential buildings in Kingsbridge, The Bronx. Designed by Badaly Architects and developed by Eric Delafraz under the Webb Avenue 1 LLC, the structures yield 16 residences. Available on NYC Housing Connect are 11 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $106,903 to $238,160.

Permits Filed for 8 Underhill Avenue in Prospect Heights, Brooklyn

6:30 am on July 29, 2026 By Vanessa Londono

Permits have been filed for a 12-story residential building at 8 Underhill Avenue in Prospect Heights, Brooklyn. Located between Atlantic Avenue and Pacific Street, the lot is near the Clinton–Washington Avenues subway station, served by the C train. Herman Rubin is listed as the owner behind the applications.

$200 Million Redevelopment Of 460 Park Avenue Begins In Midtown East, Manhattan

8:00 am on July 28, 2026 By Max Gillespie and Matt Pruznick

A $200 million redevelopment is underway at 460 Park Avenue, a 22-story office building in Midtown East, Manhattan. Designed by Skidmore, Owings & Merrill and developed by the Hahn Kook Center (U.S.A.), Inc., an affiliate of the Korea International Trade Association, the project will strip the mid-century structure to its original steel frame and rebuild it with new infrastructure, bringing a 350,000-square-foot block of office space to the Park Avenue market. The redevelopment will also include a double-height lobby, a multi-floor amenity suite, and a series of terraces and outdoor spaces. The property is located at the northwest corner of Park Avenue and East 57th Street.

Earthwork Underway At 601 Union Street in Gowanus, Brooklyn

7:30 am on July 28, 2026 By Michael Young and Matt Pruznick

Earthwork is underway at 601 Union Street, the site of an eight-story residential building in Gowanus, Brooklyn. Designed by Morris Adjmi Architects and developed by Avdoo, the structure will yield 125 rental units along with ground-floor retail space. The nearly 40,000-square-foot property is bounded by Union Street, Sackett Street, and 3rd Avenue.

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