Features

After A Decade of Failures, Newark’s New Construction Boom Finally Takes Off

8:00 am on August 17, 2018 By Jacob Felson

Until 2017, residential development in downtown Newark was largely a figment of developers’ imaginations. Over the decade prior, proposals were ambitious but financing was scarce. The one project that had gained financing, Eleven80, a rehabilitation-and-reuse of a long dormant former office building, had gone into foreclosure in 2009, reemerging several years later as a diamond in the rough, Downtown’s lone successful project. Meanwhile, supporting retail was extremely limited.

Kenneth Horn (Middle) with the two most substantial projects under his management, The Woolworth Building (left, c. 1913 courtesy Wikimedia) and 250 West 81st Street (courtesy Alchemy)

Alchemy Properties’ Kenneth Horn Talks City Hall Park’s Evolution, Converting The Woolworth, And More

8:00 am on August 9, 2018 By Andrew Nelson

Since its founding in 1990, Kenneth Horn’s Alchemy Properties has acquired over two million square feet of residential space in New York City. During those 28 years, Mr. Horn has personally overseen the sales of $2 billion of real estate, all with a staff of about thirty people. With a full slate of new developments in the works, YIMBY sat down with Ken to discuss the firm’s current plans.

Hudson Yards from 53 West 53rd Street, image by Andrew Campbell Nelson

YIMBY’s 2018 Mid-Year Pipeline Report Shows Surge In New Development Filings With YTD Unit Count Increasing 67.5% Over 2017

8:00 am on July 30, 2018 By Nikolai Fedak

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%.

DDG's Joe McMillan with 180 East 88th Street at left and 100 Franklin Street at right

Ten Questions With Joe McMillan, CEO of DDG

8:00 am on May 21, 2018 By Nikolai Fedak

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.

420 Kent Avenue waterfront, design by ODA New York

Eliot Spitzer Talks 420 Kent Avenue, Williamsburg, 270 Park Avenue, And More

8:00 am on April 20, 2018 By Nikolai Fedak

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.

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.

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