New York City’s infrastructure crisis stems from many issues, but one of the biggest problems in maintaining and expanding the city’s arteries are construction costs, which have ballooned into a stratosphere of unknown numbers and complete non-transparency on the part of city agencies. But now YIMBY has obtained data showing that salaries are up to 177% higher for unionized employees of contractors performing public works projects and building service work for government agencies than the prevailing wages of their respective private industry counterparts.
Hunts Point was once the byword for disinvestment and abandonment, but the peninsula along the South Bronx waterfront is finally beginning to see some new growth. One of the neighborhood’s empty lots, at 629 Faile Street, may soon sprout two new four-story apartment buildings.
Brookland Capital is building more than 50 rental and condo projects throughout Brooklyn, and now they’re expanding south into Flatbush with this attractive seven-story apartment building at 88-92 Linden Boulevard, between Bedford and Rogers Avenues.
The proposed East New York rezoning is already drawing new development to the area near Broadway Junction, like a new hotel planned at 100 New Jersey Avenue in the shadow of the elevated J train tracks in Cypress Hills, East New York’s northern section.
News Corp. and 21st Century Fox have signed a letter of intent to lease a combined 1.3 million square feet at Larry Silverstein’s planned 2 World Trade Center, located at 200 Greenwich Street, in the Financial District, according to the New York Post. A deal has yet to be finalized, but the move would jump-start construction of the 2.8 million square-foot, 80-plus-story tower, which is being redesigned by Bjarke Ingels Group.