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Harlem River Yards, image by Rafael Vinoly Architects

Exclusive Reveal for $700 Million Harlem River Yards Mega-Project, Including New York’s First Soccer Stadium Designed by Rafael Viñoly

8:00 am on April 17, 2018 By Nikolai Fedak

When it comes to new developments, stadiums are a rarity in New York City. But today, YIMBY has the first look at an enormous project coming to the South Bronx waterfront, dubbed Harlem River Yards, submitted to the city by a Related-led partnership. The plans would rise adjacent to Somerset Partners’ assortment of new towers already in the works, adding another major affordable housing building, as well as the City’s first dedicated soccer stadium, with 26,000 seats, designed by Rafael Viñoly. The total cost is projected at $700 million.

3 Hudson Boulevard, image from The Moinian Group

Ten Questions With Joseph Moinian, CEO Of The Moinian Group

8:00 am on April 13, 2018 By Nikolai Fedak

When it comes to building big, The Moinian Group is one of New York City’s most notable developers. With Sky now the largest residential building in the Five Boroughs, YIMBY sat down with the firm’s CEO, Joseph Moinian, to discuss their recent work, what’s coming next, and whether the cavern under 41st Street and 11th Avenue will ever yield a subway station, as was originally intended. YIMBY in bold.

550 Clinton Avenue, rendering by Morris Adjmi Architects

Morris Adjmi Sits Down With YIMBY to Discuss His First Brooklyn Skyscraper at 550 Clinton Avenue

8:00 am on March 30, 2018 By Andrew Nelson

We last covered 550 Clinton Avenue when the plans were approved by the Landmarks Preservation Commission a few weeks ago. Today, we have an interview with the project’s architect Morris Adjmi, illuminating the challenges of building a new tower in a landmarked district. We also have a fresh rendering of the site, depicting 550 Clinton Avenue as approved by the LPC.

115 Delancey Street, image by Andrew Campbell Nelson

Ten Questions With Charles Bendit, Co-CEO of Taconic Investment Partners

8:00 am on February 27, 2018 By Andrew Nelson

Of all the developments currently under construction in New York City, none have been in the making for longer than Essex Crossing, which is rising on the site of several long-vacant lots on the Lower East Side. With the master-plan’s first new buildings just about fully complete, YIMBY sat down with Charles Bendit of Taconic, and asked the co-CEO ten questions about the New York City real estate market.

New York YIMBY’s 2018 Construction Report: New Building Applications Finally Stabilize After Two Years of Massive Drops

8:00 am on January 8, 2018 By Nikolai Fedak

Last year, YIMBY’s pipeline report showed a dramatic decrease in new building filings, with 2015’s multi-family count of 32,702 units falling precipitously, to 19,356 in 2016. Fortunately, the hemorrhaging of pipeline additions has nearly come to a complete stop, and 2017 saw filings for 19,180 multi-family units, a drop of under one percent. The full report, covering all 2,030 new building applications filed last year, is downloadable in Excel format at the following link.

Central Park's rolling 15-year median snowfall

Why New York City’s Rapidly Rising Snowfall Totals Are No Holiday Miracle

8:00 am on December 29, 2017 By Nikolai Fedak

When “White Christmas” was written in 1942, Irving Berlin had good reason to yearn for the snows “just like the ones [he] used to know.” Measurements of the white stuff in Manhattan had been slumping since the late 1800s, with the 15-year rolling median of 35.5 inches from 1884 falling to a mere 15.6 inches by the year of the song’s release, and then plunging further, to only 13.4 inches in 1998-99. What has followed is nothing short of a holiday miracle: in the subsequent eighteen years, snowfall has increased in an unprecedented fashion across much of the Northeastern seaboard, with the rolling median at Central Park now reaching 40 inches. With New York City’s median recent snowfalls tripling in a matter of two decades and surpassing totals at the end of the Little Ice Age at the same time that temperatures have continued to warm, it is time for the city’s inhabitants to ask why exactly this is happening, and consider the practical implications that a rapidly-shifting climate will have on real estate.

115 River Road at left, 615 River Road at right, left image via Fred Dabies, right image by FXFOWLE

Extraordinary NIMBY Corruption Alleged in Complaint Against Borough of Edgewater, New Jersey

8:00 am on December 8, 2017 By Nikolai Fedak

Last month, YIMBY broke the story for a major site to be developed at 115 River Road, in Edgewater, New Jersey. While we initially reported the address at 615 River Road, that was incorrect; however, the developer of 615 River Road has now filed a lawsuit in Federal Court, alleging that a series of “corrupt transactions” led to the Borough’s vote to seize the property by eminent domain back in September, in a secret a bid to transfer the lot to developer Fred Daibes, who is behind 115 River Road.

As 2017 Election Begins, New York’s NIMBY Politicians Threaten City’s Future

8:00 am on November 7, 2017 By Nikolai Fedak

New York City has a problem. As local politicians have consolidated their grip on power over the past several decades, many have become increasingly prone to serving specific groups of constituents instead of overarching ideals, noble, or otherwise. The Five Boroughs are no stranger to this kind of issue, with periods of historical stagnancy well-documented. But with electoral participation at staggeringly delegitimizing lows, local leaders like Gale Brewer will easily cruise to re-election. Amidst a backdrop of surging NIMBYism that is now more than glad to co-opt the tactics of Fake News, the outlook for the next few years on election day is rather bleak, as the politics of New York’s inward-looking regressive leaders will put up far greater barriers to entry than any potential wall along the Mexican border.

City Moving Ahead With Plan for Hotel Special Permits in M-1 Zones

8:00 am on September 26, 2017 By Nikolai Fedak

New York City’s real estate industry has seen several new phenomena over the past decade, with the rise of the supertalls perhaps the most visible on the overall skyline. But across neighborhoods like the Garment District, Chelsea, and the peripheral fringes of Long Island City and Downtown Brooklyn, the hospitality boom has been the most notable happening, with parking garages and warehouses rapidly disappearing in favor of new hotels. Now, City Planning hopes to put a damper on the rush, with a proposed zoning amendment that would force any new hotels in M-1 zones to go through a special permitting process.

Why Bodegas Are Crucial To The Continued Success of New York City Real Estate

8:00 am on September 14, 2017 By Nikolai Fedak

Technology and urbanity have a long and tempestuous relationship, with the former’s advancement over the past century having had an occasionally deleterious effect on the latter. This has been most evident when periods of previously unimaginable progress have yielded inventions like the automobile, which in turn led to the temporary collapse of many inner cities. Now, as online retail continues to outpace brick and mortar shopping, technology has once again laid siege to the fabric of New York City, threatening the time-honored local bodega, and potentially undermining a segment of local retail that has value far beyond its shelves.

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