New York YIMBY

Excavation Begins for 1 St. Mark’s Place in East Village, Manhattan

8:00 am on November 5, 2022 By Michael Young

Excavation has begun at 1 St. Mark’s Place, the site of a nine-story commercial building in the East Village. Designed by Morris Adjmi Architects and developed by Real Estate Equities Corporation, the structure will yield 53,000 square feet of office space and approximately 7,700 square feet of ground-floor retail space. The Rinaldi Group of New York is the general contractor, SDG Engineering PC is the structural engineer, and ICOR Associates is the MEPS engineer for the property, which is alternately addressed as both 3 St. Mark’s Place and 23-25 Third Avenue and is located at the corner of St. Mark’s Place and Third Avenue.

Rendering of 120 Fifth Avenue in Park Slope, Brooklyn

Developers Close on $143M Loan to Complete Mixed-Use Complex at 120 Fifth Avenue in Park Slope, Brooklyn

7:30 am on November 5, 2022 By Sebastian Morris

The William Macklowe Company and Senlac Ridge Partners have secured $142.9 million to complete a new mixed-use complex in Park Slope, Brooklyn. Located at 120 Fifth Avenue, the development will comprise two individual buildings with 180 rental units, amenity spaces, a CVS Pharmacy, and the borough’s first Lidl Supermarket.

Housing Lottery Launches for 180 Throop Avenue in Bed-Stuy, Brooklyn

7:00 am on November 5, 2022 By Vanessa Londono

The affordable housing lottery has launched for 180 Throop Avenue, a six-story mixed-use building in Bedford-Stuyvesant, Brooklyn. Designed by Beam Architects and developed by Leo Kaufman, the structure yields 36,925 square feet of residential space for 32 units and 7,606 square feet for commercial space. Available on NYC Housing Connect are ten units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $111,429 to $187,330. A one-month rent concession will be offered at lease signing.

Permits Filed for 155 Smith Street in Carroll Gardens, Brooklyn

6:30 am on November 5, 2022 By Vanessa Londono

Permits have been filed to expand a two-story structure into a four-story residential building at 155 Smith Street in Carroll Gardens, Brooklyn. Located between Bergen Street and Wyckoff Street, the lot is two blocks north of the Bergen Street subway station, serviced by the F and G trains. Bruklyn Builders Inc. is listed as the owner behind the applications.

540 Hudson Street’s Brick Façade Nears Completion in Greenwich Village, Manhattan

8:00 am on November 4, 2022 By Michael Young

Façade work is nearing completion on 540 Hudson Street, a seven-story residential building in Greenwich Village. Designed by Morris Adjmi Architects and developed by Aurora Capital Associates and William Gottlieb Real Estate, the 63-foot-tall structure will yield 19 units spread across 48,535 square feet and 6,000 square feet of retail space on the ground floor and cellar. Titanium Construction Services is the general contractor for the property, which is also addressed as 111 Charles Street and is located at the corner of Hudson and Charles Streets.

Rendering of Euclid Glenmore Apartments, an affordable housing project in Brooklyn, NY

Renderings Reveal Euclid Glenmore Apartments at 437 Euclid Avenue in East New York, Brooklyn

7:30 am on November 4, 2022 By Sebastian Morris

New renderings from Urban Architectural Initiatives are the first to reveal Euclid Glenmore Apartments, an eight-story affordable housing property at 437 Euclid Avenue in East New York, Brooklyn. Designed by The Lantern Organization and Mega Contracting Group, which closed on $11.5 million in construction financing to complete the project, the building will comprise 135 units. A total of 81 units will be reserved for formerly homeless families, and the remainder for households at or below 60 percent area median income (AMI).

Housing Lottery Launches for 9-24 Main Avenue in Astoria, Queens

7:00 am on November 4, 2022 By Vanessa Londono

The affordable housing lottery has launched for 9-24 Main Avenue, a six-story mixed-use building in Astoria, Queens. Designed by Gerald Caliendo Architect and developed by Ravi Patel, the structure yields 14 residences. Available on NYC Housing Connect are ten units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $77,143 to $187,330. All new leases also get one month free rent.

Permits Filed for 2324 Second Avenue in East Harlem, Manhattan

6:30 am on November 4, 2022 By Vanessa Londono

Permits have been filed for an 11-story residential building at 2324 Second Avenue in East Harlem, Manhattan. Located between East 119th and East 120th Streets, the lot is near the 116th Street subway station, serviced by the 6 train. Chicago-based Lakshmi Capital Management LLC is listed as the owner behind the applications.

YIMBY’s 2022 Q3 Report Reveals 7,217 New Units Filed from July Through September

8:00 am on November 3, 2022 By Vitali Ogorodnikov

Summer has come and gone, and as New Yorkers roll back their clocks, YIMBY rolls out our latest quarterly report that analyzes in detail the trends behind three months’ worth of construction permit filings. In the period from July through September of 2022, the Department of Buildings registered a total of 769 new construction filings throughout New York City, which promise to add 7,217 units to the city’s residential and hotel stock. The permit numbers maintain the robust filing volume we have observed so far throughout the year, as even the quarter’s least-active months continue to far outpace the figures from last year.

Developers, City Officials Celebrate Grand Opening of 425 Grand Concourse in Mott Haven, The Bronx

7:30 am on November 3, 2022 By Sebastian Morris

Developers, New York City officials, and community leaders recently joined to celebrate the grand opening of 425 Grand Concourse, a 26-story affordable housing property in Mott Haven, The Bronx. Designed by Dattner Architects and developed by Trinity Financial and local non-profit group MBD Community Housing Corporation, the 300,000-square-foot structure will yield 277 affordable apartments, an educational facility, a health clinic, a supermarket, and a community cultural space.

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