Governor Andrew Cuomo this week unveiled a multi-billion dollar initiative to revitalize and rebuild infrastructure across New York State. Entitled “Reimagine | Rebuild | Renew,” the 2021 agenda is touted as the largest state infrastructure plan in the country and sets in motion the improvement of state roadways, public transportation, airports, and large swaths of Midtown, Manhattan.
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.
Permits have been filed for two major new towers at 57-28 2nd Street and 1-15 57th Avenue in Hunters Point South. The two proposed, glass residential buildings are being designed by Handel Architects and will sit at the intersection of 57th Avenue and 2nd Street. The sites are located in Long Island City by the Hunters Point South ferry terminal. Both towers are being developed by Gotham and Riseboro Community Partnership.
In a recent ceremony, Triangle Equities celebrated the launch of sales at a luxury townhouse development known as Kensington Estates. Located in Woodbury, Long Island, the new community is exclusively available to adults 55-and-over and is expected to debut in 2020.