Leasing Launches for 420 Carroll Street in Gowanus, Brooklyn

Leasing launched this week for 420 Carroll Street in Gowanus, Brooklyn. the first building developed through the 2021 Gowanus Neighborhood Rezoning. The waterfront development includes a 21-story tower and an adjacent 16-story tower connected via a subterranean tunnel, as well as 360 mixed-income apartments in a mix of studio to three-bedroom layouts, 27,000 square feet of commercial and retail space, and a 470-foot-long public promenade along the canal. 420 Carroll Street is developed by The Domain Companies and VOREA Group and designed by FXCollaborative with interiors by Alan Mainer Studios. Domain Companies’ affiliate Good Company will oversee residential leasing from an on-site office.

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YIMBY’s Q2 2024 Construction Report Counts More Than 1,000 New Building Filings in New York from April Through June

As New York City simmers in some of the year’s hottest weeks, the city’s construction and real estate markets remain equally hot. The second quarter of the year, which spans the period from April through June, registered a total of 1,077 new building permits filed with the city’s Department of Buildings. As such, Q2 2024 counts the second-highest number of new permit filings since YIMBY began its tally at the start of the decade and continues the strong trend established in the two preceding quarters, which now count the first- and third-highest permit filing totals. The 14,795 filed-for residential and hotel units also make for one of the highest quarterly counts of the decade, as do the 21.5 million filed-for square feet of new building floor area. YIMBY has meticulously vetted each of the thousand-plus new building permits submitted to the city in the second quarter and compiled a series of charts and analyses that look at emergent overarching trends.

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Affordable Housing Lottery Launches for 597 Grand Street in Williamsburg, Brooklyn

The affordable housing lottery has launched for 597 Grand Street, a nine-story mixed-use building in Williamsburg, Brooklyn. Designed by NY Building Associates and developed by Yitzchok Katz of Developing NY State, the structure yields 185 residences. Available on NYC Housing Connect are 56 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $63,155 to $218,010.

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