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760 Madison Avenue. Designed by COOKFOX Architects

Giorgio Armani Residences Sell Out At 760 Madison Avenue In Manhattan’s Upper East Side

7:00 am on August 6, 2024 By Max Gillespie

SL Green Realty Corporation has announced the sellout of the Giorgio Armani Residences, a 12-story residential building at 760 Madison Avenue on Manhattan’s Upper East Side. The building features ten units, all of which are now under contract. All sales still underway are expected to close in the fourth quarter of 2024.

11 Garden Street, via westchestergov.com

Highgarden Tower Completes Construction at 11 Garden Street In New Rochelle, Westchester County

7:00 am on August 5, 2024 By Max Gillespie

Governor Kathy Hochul and project stakeholders celebrated the completion of Highgarden Tower, a 219-unit affordable apartment building at 11 Garden Street in New Rochelle, Westchester County. Developed by Georgica Green Ventures, LLC, the $135 million development is located directly adjacent to the New Rochelle train station and Bee-Line bus stop.

Rendering of Livana Colts Neck. Designed by Minno & Wasko Architects and Planners

Livana Colts Neck Breaks Ground at 7 Route 537 in Colts Neck, New Jersey

7:00 am on August 4, 2024 By Max Gillespie

Construction has broken ground on Livana Colts Neck, a new residential community at 7 Route 537 in Colts Neck, New Jersey. Designed by Minno & Wasko Architects and Planners and developed by Kushner, the property will yield 360 rental units across 15 buildings, along with a resident clubhouse.

644 East 14th Street. Designed by Fischer + Makooi Architects

Construction Loan Secured For 644 East 14th Street In Alphabet City, Manhattan

7:30 am on August 3, 2024 By Max Gillespie

Lionheart Strategic Management LLC, an affiliate of Fisher Brothers, has provided a $27.6 million loan for the construction of 644 East 14th Street, a 24-story residential building in the Alphabet City section of the East Village of Manhattan. The loan comes in addition to a $102 million senior loan that was provided by Apollo Global Management.

Rendering of Bedminster Village Square, courtesy of Cahn PR

New 30,000-Square-Foot Headquarters For Freshpet Breaks Ground In Bedminster, New Jersey

7:30 am on August 2, 2024 By Max Gillespie

Advance Realty Investors has broken ground on a new 30,000-square-foot global headquarters for Freshpet, Inc., a fresh pet food company, in Bedminster, New Jersey. The facility will be joined by approximately 20,000 square feet of planned retail, dining, and amenity space to anchor Bedminster Village Square, Advance Realty Investors’ reimagined home campus.

Rending of 2868 Webster Avenue. Credit: Stephen B. Jacobs Group

Construction Financing Secured For 2868 Webster Avenue In Bedford Park, The Bronx

7:30 am on August 1, 2024 By Max Gillespie

The New York City Housing Development Corporation, The New York City Department of Housing Preservation and Development, and Douglaston Development have announced the closing of construction financing for 2868 Webster Avenue, a 12-story, 277-unit affordable housing building in Bedford Park, The Bronx. The 250,000-square-foot project is the second phase of a two-phase affordable development following 2850 Webster Avenue, a 188-unit senior housing structure that opened in fall 2023.

Rendering of 570 Washington Street. Designed by CookFox and SLCE

New Financing Secured For 570 Washington Street In West Village, Manhattan

7:00 am on July 30, 2024 By Max Gillespie

Jonathan Rose Companies and Atlas Capital Group recently announced the closing of financing for 570 Washington Street, a 180,000-square-foot residential development in Manhattan’s West Village. The project will provide 175 units of affordable senior housing, available to households earning 50 percent of the area median income and below.<

Rendering of Timbale Terrace, via nyc.gov

Timbale Terrace Receives Final Approval In East Harlem, Manhattan

7:00 am on July 29, 2024 By Max Gillespie

Timbale Terrace, an affordable housing development in East Harlem, Manhattan, has received final approval and will now advance to construction financing. The project is a partnership among Mega Group Development, the Lantern Organization, and the New York City Department of Housing Preservation and Development, and will be built on an underutilized City-owned parking lot on Park Avenue between 118th and 119th Streets.

YIMBY’s Q2 2024 Construction Report Counts More Than 1,000 New Building Filings in New York from April Through June

8:00 am on July 24, 2024 By Vitali Ogorodnikov

As New York City simmers in some of the year’s hottest weeks, the city’s construction and real estate markets remain equally hot. The second quarter of the year, which spans the period from April through June, registered a total of 1,077 new building permits filed with the city’s Department of Buildings. As such, Q2 2024 counts the second-highest number of new permit filings since YIMBY began its tally at the start of the decade and continues the strong trend established in the two preceding quarters, which now count the first- and third-highest permit filing totals. The 14,795 filed-for residential and hotel units also make for one of the highest quarterly counts of the decade, as do the 21.5 million filed-for square feet of new building floor area. YIMBY has meticulously vetted each of the thousand-plus new building permits submitted to the city in the second quarter and compiled a series of charts and analyses that look at emergent overarching trends.

New York YIMBY’s Q1 2024 Construction Report Tallies Record-Breaking 19,819 Residential and Hotel Units

8:00 am on May 8, 2024 By Vitali Ogorodnikov

New York YIMBY has tallied the records for new building permit filings for the first quarter of 2024, and the results are one for the record books. According to data compiled from permit filings submitted to the Department of Buildings, during the three-month period from January through March, builders throughout the city filed a combined total of 19,819 residential and hotel units, the highest total for any three-month period since YIMBY started tracking the statistic in 2020. Similarly, the combined filed-for square footage of 26 million is also the highest quarterly tally for the decade so far.

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