The second quarter of 2020, without a doubt, has brought more upheaval to New York and the United States at large than any period since September of 2001. However, in spite of all of the challenges, the city is continuing to grow: 476 new building permits were filed in the three-month period from April through June, spanning 9,309 multi-family units, with the full rundown of all the new developments in Excel format available at the link. While this was down somewhat from Q2 2019’s 12,123 residential unit filings for the same time period, it was still up substantially from 7,010 filings during Q2 of 2018, indicating that New York City’s economic engine remains revving.
Today the Landmarks Preservation Commission will hear proposals from Hermès of Paris to renovate a historic structure at 706 Madison Avenue in Manhattan’s Upper East Side Historic District. Built in 1921, the five-story Neo-Federal style building comprises approximately 40,000 square feet and includes two outdoor terraces. The scope of renovation includes the replacement of existing windows, doors, and metal railings.
Permits have been filed for a seven-story residential building at 707 Willoughby Avenue in Bedford-Stuyvesant, Brooklyn. Located between 75th Street and 76th Street, the interior lot is a five-minute walk to the Myrtle Avenue-Broadway subway station, serviced by the J, M, and Z trains. Vision Development under the Vision Estates Holdings is listed as the owner behind the applications.
Permits have been filed for a four-story residential building at 53-20 90th Street in Elmhurst, Queens. Located at the intersection of 54th Avenue and 90th Street, the corner lot is a short walk to the Grand Avenue-Newtown subway station, serviced by the E, M, and R trains. Li Qi Lin under the 53-20 90th Street Realty LLC is listed as the owner behind the applications.
Exterior work has been progressing rapidly at One Willoughby Square, a 495-foot-tall office skyscraper in Downtown Brooklyn. Alternately addressed as 420 Albee Square, the façade paneling has reached the parapet of the 34-story office skyscraper, which is designed by FXCollaborative and developed by JEMB Realty. The project will debut as the tallest new office building in Brooklyn and will yield 500,000 square feet of Class A office space. Gilbane Building Company is in charge of the ongoing construction.