Levain Bakery Opens New Location At 122 Fifth Avenue In Union Square, Manhattan
Mayor Adams Announces Proposal To Lift Floor-To-Area Ratio For New Developments
Mayor Eric Adams has announced a new initiative within the “City of Yes for Housing Opportunity” proposal that seeks to generate tens of thousands of affordable homes in New York City. The new initiative is targeting areas previously out of reach for many working-class New Yorkers due to an outdated floor-to-area-ratio cap, which historically has restricted the construction of new homes in high-demand zones. The proposal is seeking to lift the floor-to-area-ratio cap in these areas, such as in Midtown, Manhattan.
1601 DeKalb Avenue Breaks Ground In Bushwick, Brooklyn
Camber Property Group and RiseBoro Community Partnership recently announced the groundbreaking for 1601 DeKalb Avenue, a $75 million affordable housing project in Bushwick, Brooklyn. When construction completes in December 2025, the development plans to boast 127 affordable housing units, 45 of which will be specifically aimed at providing stable housing and supportive services to young families.
YETI Opens New York Flagship Store at 200 Fifth Avenue in Flatiron, Manhattan
National development and management company BXP has announced the opening of YETI’s first New York City flagship storefront at 200 Fifth Avenue in Flatiron, Manhattan. The outdoor products supplier will occupy 6,614 square feet across two floors in the building, which is located in a highly trafficked area directly across from Madison Square Park.
Greenpoint Landing Associates Celebrates Opening Of 35 Commercial Street In Greenpoint, Brooklyn
Greenpoint Landing Associates and Park Tower Group, alongside city and elected officials, recently celebrated the grand opening of 35 Commercial Street, a 22-story affordable housing project in Greenpoint, Brooklyn. The opening of the building marks a notable step in the Greenpoint Landing master plan by providing 374 permanently affordable housing units to the campus, including 57 reserved for formerly homeless individuals. The development was completed in partnership with Breaking Ground, a nonprofit social service organization, and is located at the corner of Commercial Street and Bell Slip near the Newton Creek waterfront.