Exterior Work Continues on 585 Union Street in Gowanus, Brooklyn

8:00 am on May 9, 2024 By Michael Young

Exterior work is progressing on 585 Union Street, a nine-story residential building in Gowanus, Brooklyn. Designed by Fogarty Finger and developed by Tavros Capital, Charney Companies, and Canyon Partners, the 95-foot-tall structure will span 167,000 square feet and yield 214 rental units in studio to three-bedroom layouts, with 25 percent designated as affordable housing, as well as 8,900 square feet of ground-floor commercial space. The property is bound by Sackett Street to the north, Union Street to the south, and 3rd Avenue to the east.

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Rendering of 632-636 South Broadway, courtesy of Thompson & Bender

Yonkers IDA Preliminarily Approves Incentives For The Parker at 632-636 South Broadway in Yonkers

7:30 am on May 9, 2024 By Max Gillespie

The Yonkers IDA has issued preliminary approval for financial incentives for The Parker, a 16-story affordable housing project at 632-636 South Broadway in Yonkers. The $116.2 million project is part of a $174.5 million investment initiative that includes another affordable development, The Abbey on the Park, which will be located at 21-23 Park Avenue. Collectively, both projects are expected to create 410 construction jobs and add 242 new residential units to the local market.

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New York YIMBY’s Q1 2024 Construction Report Tallies Record-Breaking 19,819 Residential and Hotel Units

8:00 am on May 8, 2024 By Vitali Ogorodnikov

New York YIMBY has tallied the records for new building permit filings for the first quarter of 2024, and the results are one for the record books. According to data compiled from permit filings submitted to the Department of Buildings, during the three-month period from January through March, builders throughout the city filed a combined total of 19,819 residential and hotel units, the highest total for any three-month period since YIMBY started tracking the statistic in 2020. Similarly, the combined filed-for square footage of 26 million is also the highest quarterly tally for the decade so far.

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