Features

YIMBY’s 2021 Construction Report Shows 30,036 New Residential Unit Filings in New York City

8:00 am on January 20, 2021 By Vitali Ogorodnikov

YIMBY’s 2020 New Building Report, covering 2019’s numbers, showed a substantial increase in applications, with 2019’s total filings reaching 36,467. This year, the numbers have dropped somewhat, with 2020’s submitted residential units totaling 30,036. While this was a decrease, it was still substantially above the 2018 total of only 20,393 new units filed, indicating that in spite of the profound headwinds beginning in March of last year that are now seemingly abating, permitting activity remained fairly vigorous. The full report covering 1,774 new buildings and over 57 million square feet of new floor space is available in Excel format upon purchase of YIMBY’s Building Wire subscription.

YIMBY’s Q3 2020 Report Shows 5,638 New Residential Units Filed from July through September

8:00 am on October 19, 2020 By Vitali Ogorodnikov

During the third quarter of 2020, spanning the period from July through September, developers expressed confidence in the city’s long-term economic future, as evidenced by the 446 building permits filed during the period, nearly matching the 476 filings in the second quarter. Between these applications, which cover all types of projects, the new residential buildings permitted totaled 5,638 units, a decrease from 9,309 the previous quarter, and a drop from 8,063 units submitted in Q3 of 2019. Despite the drop in residential units entering the pipeline for the Five Boroughs, overall permitting activity remains relatively vigorous, and all filings are available in Excel format at the following link.

Map depicts proposed building massing within Empire State Complex - Empire State Development

Governor Cuomo’s ‘Empire Station Complex’ Masterplan Enters Next Phase of Development

8:00 am on August 21, 2020 By Sebastian Morris

At the beginning of this year, Governor Andrew Cuomo announced a major redevelopment initiative for the area surrounding New York City’s Pennsylvania Station. Referred to as the “Empire State Complex,” the project team is now completing a final scope of work, which will take into consideration the many comments received from community activists, experts, and officials since a scoping meeting on July 20, 2020.

YIMBY’s Q2 2020 Construction Report Reveals 9,309 Residential Units Filed and Continued Brisk Activity

8:00 am on July 22, 2020 By Vitali Ogorodnikov

The second quarter of 2020, without a doubt, has brought more upheaval to New York and the United States at large than any period since September of 2001. However, in spite of all of the challenges, the city is continuing to grow: 476 new building permits were filed in the three-month period from April through June, spanning 9,309 multi-family units, with the full rundown of all the new developments in Excel format available at the link. While this was down somewhat from Q2 2019’s 12,123 residential unit filings for the same time period, it was still up substantially from 7,010 filings during Q2 of 2018, indicating that New York City’s economic engine remains revving.

Rendering of 2 Hudson Square by SHoP Architects

Renderings Revealed For SHoP Architects-Designed Skyscraper at 2 Hudson Square, in Lower Manhattan

8:00 am on May 6, 2020 By Vanessa Londono

Today, YIMBY has the scoop and exclusive reveal of official renderings for the 450,380-square-foot mixed-use building coming to 2 Hudson Square. Located at the southeast corner of the neighborhood, the lot will soon house a public school with an office tower above for boutique finance and tech tenants. The 465-foot-tall, 26-story development is a joint venture between Taconic Investment Partners and Nuveen, after the pair acquired the land in a 99-year lease from Trinity Real Estate, the real estate branch of Trinity Church. SHoP Architects is responsible for the design.

YIMBY Interviews Douglas Durst, Of The Durst Organization

8:00 am on March 24, 2020 By Nikolai Fedak

When it comes to new development in New York City, one of the most prolific and notable of the current firms in existence is The Durst Organization, which previously led the construction of One World Trade Center in a public-private partnership with The Port Authority. YIMBY recently interviewed its eponymous head, Douglas Durst, who gave updates on the firm’s major new Long Island City project, dubbed Sven, as well as a range of other topics.

Gale Brewer, image from Manhattan Borough President's Office, and redlining map of Harlem

Why Gale Brewer’s Opposition to Lenox Terrace Rezoning Violates The 1968 Civil Rights Act

8:00 am on March 2, 2020 By Nikolai Fedak

Recently, new developments and re-zonings promising community and retail amenities alongside thousands of new affordable housing units have been stymied in Two Bridges and Inwood. Now, plans for substantial injections of the aforementioned components by the Olnick Organization at Harlem‘s Lenox Terrace have been attacked as well. Spearheaded by Manhattan Borough President Gale Brewer, the latest effort constitutes a contemporary example of redlining, and is an explicit violation of the National Civil Rights Act of 1968.

200 Amsterdam Ruling Threatens ‘Havoc’ to New York City Development

8:00 am on February 21, 2020 By Matt Pruznick

Developers of the Upper West Side’s tallest building, 200 Amsterdam Avenue, were dealt an unprecedented blow last week when a State Supreme Court Judge ruled that 20 or more floors may have to be lopped from the residential skyscraper. Developers SJP Properties and Mitsui Fudosan America are in the process of appealing the decision, which is the latest in a string of community-led attacks on development throughout the city.

New York YIMBY’s 2020 Construction Report Shows 36,467 New Residential Unit Filings, A 7.1% Jump

8:00 am on January 7, 2020 By Nikolai Fedak

YIMBY’s 2019 New Building Report, released this time last year, showed a major jump in applications from 2017 into 2018, with new residential units filed with the Department of Buildings rising from 20,393 to 34,039. YIMBY’s 2020 New Construction Report shows that citywide gains continued into 2019, with total units filed increasing to 36,467, a jump of 2,428 or 7.1%. The full report is available in spreadsheet format at the link for $199.

YIMBY Scopes Views From One Vanderbilt’s Steel Crown in Midtown East

8:00 am on October 21, 2019 By Michael Young

YIMBY recently went on a hard-hat tour of Kohn Pedersen Fox’s One Vanderbilt. The topped-out 1,401-foot supertall is currently the tallest skyscraper in Midtown East and the third tallest in the city by architectural height, when measured to the tip of the 100-foot-tall spire. SL Green is the developer of the 77-story commercial office property, which is set to have a three-story indoor and outdoor observatory perched 1,020 feet above the busy Midtown streets. The crown will eventually be covered in a glass curtain wall that should most likely be lighter in appearance than the mixed terracotta and glass assembly that covers the rest of the structure.

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