YIMBY has an exclusive set of new renderings for a 47-story residential skyscraper at 550 Tenth Avenue in Hell’s Kitchen. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the 430,000-square-foot tower will yield 453 units with 316 at market rate and 137 for moderate and middle incomes, as well as 9,000 square feet of retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. Demolition is complete and foundations are underway at the site, which is located along Tenth Avenue between West 40th and 41st Streets.
Construction is complete on 115 East 55th Street, an 18-story residential building in Midtown East. Designed by SLCE Architects for Zeckendorf Development, the 185-foot-tall structure yields 71,961 square feet and 58 units. CM & Associates Construction Management served as the general contractor for the Midtown property, which is located on a relatively small plot between Lexington and Park Avenues, directly to the east of Norman Foster‘s 425 Park Avenue.
Construction is now underway at 510 Horseblock Road, the site of a new 292-unit, garden-style rental community in Farmingville, Long Island. Located within the Town of Brookhaven, the property previously functioned as a farm and spans roughly 62 acres.
Permits have been filed for a six-story mixed-use building at 2719 Fulton Street in Cypress Hills, Brooklyn. Located between Wyona Street and Bradford Street, the lot is three blocks west of the Van Siclen Avenue subway station, serviced by the J and Z trains. Sanjeev Kumor is listed as the owner behind the applications.
Figures for new construction permit filings for New York City for the second quarter of 2022 are in, and YIMBY’s latest analysis reveals that a number of positive trends emergent in the year’s first quarter have continued at a sustained pace. During the period spanning April, May, and June, the Department of Buildings registered permit filings for a combined total of around 13.1 million square feet, which, among other uses, includes 9,997 residential and hotel rooms. Although the square footage of the average filing is slightly smaller compared to the first quarter, the 857 new permits filed in the second quarter almost exactly match the total of 862 filings in the previous quarter, with both figures substantially exceeding quarterly averages from the previous year. Below we share a detailed analysis of the aggregated permit data. The full data set on which we based our research is available with a subscription to YIMBY’s Building Wire service.