YIMBY recently sat down with Larry Silverstein to discuss his firm’s upcoming projects, as well as the status of the World Trade Center’s last remaining office supertall-to-be, at 200 Greenwich Street. With 3,000 new rental units in the works and Norman Foster’s design still on the table for Two World Trade Center, the scope of work Mr. Silverstein is undertaking is also now expanding into Journal Square and Queens.
Articles by Nikolai Fedak
Last week, a proposal for a major new development at 6208 8th Avenue, in Sunset Park, Brooklyn, began to wind its way through the City’s planning processes. Today, we have the exclusive first look at another mega-project proposed directly across the street, at 6205 8th Avenue, where DXA Studio has designed an enormous two-block plan that would cover even more of the open railway tracks that currently leave the neighborhood bereft of its obvious potential.
While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.
The Lower East Side’s ongoing development boom has been substantial, with projects ranging from Essex Crossing to One Manhattan Square now nearing completion. But in between those two sites, on a seemingly forgotten block of East Broadway, plans are in the works for another two high-rises. YIMBY last reported on 226-232 East Broadway back in 2016, when the Ascend Group acquired the buildings and lots for $47.5 million. Today, we have the exclusive first look at what’s expected to rise on the site, with two towers of 20 and 36 stories apiece expected to flank the landmark former nursing home at 228 East Broadway.
The blocks of NoMad and its immediate surrounds remain incredibly active in terms of new development, and the wave of construction sweeping Fifth Avenue is about to yield yet another skyscraper. Today, YIMBY has an exclusive first look at what’s in store for 316 Fifth Avenue, in Koreatown, where developer Cottonwood Management is planning a 539-foot-tall tower designed by Kohn Pedersen Fox.