While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.
Last week, YIMBY featured a look at some of the highest and most expensive real estate in the Western Hemisphere, scattered across the uppermost reaches of the Manhattan skyline. Today, we have an interview with a developer whose condominiums often attain similar price-points, even though they’re normally located much closer to street level. YIMBY sat down with DDG’s CEO Joe McMillan to discuss the firm’s current slate of work, their in-house design and development process, and the finer details on major sites like 180 East 88th Street on the Upper East Side, and challenging ones, like 100 Franklin in Tribeca.
Few individuals are as versed on the machinations of the Five Boroughs as former Governor Eliot Spitzer. Since leaving office and rejoining Spitzer Enterprises, his eponymous firm has embarked on a substantial building boom, with three towers on the Williamsburg waterfront at 420 Kent Avenue now nearing their opening date. YIMBY sat down with Spitzer to discuss his latest projects, the ongoing evolution of Williamsburg and its waterfront, as well as his thoughts on 270 Park Avenue and the potential repeal of the state cap on residential FAR.
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.
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.