Arial rendering of Arvene East - Bernheimer Architecture; Local Office Landscape & Urban Design

Developers Secure $44.7M to Complete Infrastructure Improvement Project in Arverne, Queens

7:00 am on January 31, 2023 By Sebastian Morris

L+M Development Partners, Bluestone Organization, and Triangle Equities have closed on $44.66 million in financing to complete a major infrastructure improvement project in Arverne, Queens, a small coastal neighborhood on the Rockaway Peninsula. The financing will cover the reconstruction of Edgemere Avenue between Beach 32nd and Beach 38th Streets, critical infrastructure improvements to the surrounding neighborhood, and the completion of Arverne East, a 1,650-unit master-planned community.

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Permits Filed for 30-33 29th Street in Astoria, Queens

6:30 am on January 31, 2023 By Vanessa Londono

Permits have been filed for a seven-story residential building at 30-33 29th Street in Astoria, Queens. Located between 30th Avenue and 30th Drive, the interior lot is two blocks west of the 30th Avenue subway station, serviced by the N and W trains. Neel Dvivedi under the 30-33 29th Street Realty LLC is listed as the owner behind the applications.

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YIMBY’s 2022 Q4 Report Shows a Surge of New Housing Filings with 13,030 Units Filed from October through December

8:00 am on January 30, 2023 By Vitali Ogorodnikov

The fourth-quarter numbers for New York City’s construction filings are in, and YIMBY is excited to report that the overall figures from October through December dramatically outpace those from the previous quarter. Although the total number of new building filings is slightly down, dipping from 768 in Q3 to 738 in Q4, the number of residential and hotel unit filings surged from 7,217 in Q3 to 13,030 in Q4. Similarly, the total filed-for floor area effectively doubled, rising from 10.6 million square feet in Q3 to 20.3 million square feet in Q4. In effect, not only has the size of the average filing become twice as large during the period, but it also increased in height from an average of 3.2 in Q3 to 4.1 in Q4. The full report in Excel format is available with a subscription to YIMBY’s Building Wire.

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John A. Paulson Center Completes Construction at 181 Mercer Street in Greenwich Village, Manhattan

7:30 am on January 30, 2023 By Michael Young

Construction is complete on the John A. Paulson Center, a 23-story academic building for New York University at 181 Mercer Street in Greenwich Village. Designed by Davis Brody Bond and KieranTimberlake, the 735,000-square-foot structure is the largest expansion in the history of the campus and consists of three glass-clad towers rising from a podium spanning a full city block. Permasteelisa engineered and manufactured the facade, and Turner Construction Company was the contractor for the $1.2 billion project, which is bound by Bleecker Street to the north, Houston Street to the south, Mercer Street to the east, and I.M. Pei’s University Village complex to the west.

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