New building applications for single and multi-family residential developments in New York City saw a major slowdown in 2016, as the fading boom following the changes that occurred at the Department of Buildings in 2014 began to slack further. Numbers have plunged by over half since 2014, and by 38 percent since 2015. The full report with spreadsheets covering every new building application is available at the research store.
24-09 Jackson Avenue
Japanese budget hotel operator Toyoko Inn Co. is planning a huge hotel in Long Island City. The company has filed applications for a 50-story hotel—its first one in the U.S.—at 24-09 Jackson Avenue, between 45th Avenue and 23rd Street.