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

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.

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

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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Housing Lottery Launches for 1686 Weeks Avenue in Claremont, The Bronx

The affordable housing lottery has launched for 1686 Weeks Avenue, a six-story residential building in Claremont, The Bronx. Designed by ADB Associates and developed by Israel Frankel of Isra Holdings, the structure yields 25 residences. Available on NYC Housing Connect are five units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $75,360 to $156,130.

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Rendering of 14-16 Fifth Avenue; Front elevation - Robert A.M. Stern Architects, Madison Realty Capital

Foundation Work Begins for RAMSA’s 14 Fifth Avenue in Greenwich Village, Manhattan

Foundation work is underway at 14 Fifth Avenue, the site of a 19-story residential building in Greenwich Village. Designed by Robert A.M. Stern Architects and Hill West Architects and developed by Madison Realty Capital, which purchased the 5,255-square-foot plot for $27.5 million in 2015, the 241-foot-tall structure will yield 20 condominium units. CM & Associates is the general contractor for the property, which is located between East 8th and East 9th Streets, just north of Washington Square Park.

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