New building applications for single and multi-family residential developments in New York City saw a major slowdown in 2016, as the fading boom following the changes that occurred at the Department of Buildings in 2014 began to slack further. Numbers have plunged by over half since 2014, and by 38 percent since 2015. The full report with spreadsheets covering every new building application is available at the research store.
The 11-story, 12-unit mixed-use building under construction at 515 West 29th Street, in West Chelsea, has topped out. Progress on the project, which includes façade installation, can be seen thanks to photos posted to the YIMBY Forums. The latest building permits indicate the structure, built up from an existing six-story factory, encompasses 36,876 square feet and rises 135 feet in height. It will include 1,698 square feet of retail space across the cellar and ground floors, followed by 12 condominiums across the second through 11th floors. The apartments should average a spacious 2,932 square feet apiece. Bauhouse Group is the developer. SCDA Architects is the design architect and S.M. Berger Architecture is the architect of record.
Developer Abraham Brach has acquired, for $27.5 million, the 30,000-square-foot development site at 191 Harrison Avenue, located between Bartlett and Gerry streets in the Broadway Triangle section of Williamsburg. The new owner plans to build a mixed-use project with community facility space, geared toward the Orthodox Jewish community, and residential units, The Real Deal reported. The site can accommodate up to 120,000 square feet of development. It’s occupied by multiple dilapidated, low-rise commercial-warehouses, ranging from one to three stories. Demolition permits have yet to be filed.
An anonymous Passaic, N.J.-based LLC is planning to redevelop the vacant three-story townhouse at 40 East Park Street, located on the corner of Mulberry Street in Downtown Newark. The existing structure will be converted from office space and expanded horizontally along Mulberry street. The final product will rise four stories at its tallest point and contain 15 market-rate residential units. The apartments, including studios and one-bedrooms, should average 750 square feet apiece, Jersey Digs reported. Newark-based Comito Associates is the architect. The project is expected to be complete in late 2018.
The city’s Department of Housing Preservation and Development (HPD) is partnering with the New York Public Library and the Robin Hood Foundation to explore redevelopment opportunities at 4790 Broadway, the site of the two-story Inwood Library, The Real Deal reported. A new building would retain the existing library and 100 percent of its residential units would be designated as affordable, although the scale of the project is unclear. The city will launch a request for proposals once workshops, where community members can give input, are held later this month. The proposal will have to be approved through the city’s Uniform Land Use Review Procedure (ULURP).