Uptown

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

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%.

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323 East 61st Street, via Google Maps

Permits Filed for 323 East 61st Street, Upper East Side, Manhattan

Permits have been filed for a six-story community facility at 323 East 61st Street on the Upper East Side of Manhattan. The site is just a couple blocks away from the off ramp of the Queensboro Bridge, and five blocks from the Lexington Avenue 59th Street subway station, serviced by the 4, 5, 6, N, Q, R, and W trains. William Macklowe Company will be responsible for the development.

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161 East 81 Street, via Google Maps

Permits Filed for 161 East 81 Street, Upper East Side, Manhattan

Permits have been filed for a six-story residential building at 161 East 81 Street on Manhattan’s Upper East Side. The site is six blocks away from the 86th Street Lexington subway station, serviced by the 4, 5, and 6 trains, and seven blocks from the recently-opened 86th Street 2nd Avenue subway station, serviced by the Q and R trains. Just four blocks away is the Metropolitan Museum of Art. The building’s owner, Jong Mok Che, will be responsible for the development.

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