Last fall, a permit was filed to convert the four-story brick building at 520 West 20th Street – currently used as a 270-car parking garage and art gallery – into a seven-story office building. Now, YIMBY…
The former Takashimaya department store at 693 Fifth Avenue is in for a makeover, revealed in a video posted by Thor Equities, which will be renovating the building; the film was created by Neoscape. The…
Figures for new construction permit filings for New York City for the second quarter of 2022 are in, and YIMBY’s latest analysis reveals that a number of positive trends emergent in the year’s first quarter have continued at a sustained pace. During the period spanning April, May, and June, the Department of Buildings registered permit filings for a combined total of around 13.1 million square feet, which, among other uses, includes 9,997 residential and hotel rooms. Although the square footage of the average filing is slightly smaller compared to the first quarter, the 857 new permits filed in the second quarter almost exactly match the total of 862 filings in the previous quarter, with both figures substantially exceeding quarterly averages from the previous year. Below we share a detailed analysis of the aggregated permit data. The full data set on which we based our research is available with a subscription to YIMBY’s Building Wire service.
After significant delays caused by the DOB’s abrupt shift to “Build Now” which temporarily left the Five Boroughs without a functional Department of Buildings Website in March of 2021, YIMBY’s 2022 construction report is in, and the results are positively encouraging. The annual report tracks and analyzes permits filed for new buildings in New York City over the course of the year 2021. The data shows that in 2021, builders throughout the city filed permits for 2,017 structures, ranging from single-car garages to towering skyscrapers. The figure represents a 14-percent increase compared to the 2020 total of 1,774 permits. The 2021 filings will boost the city’s built stock by 53,344,472 million square feet and yield a combined total of 45,019 residential and hotel units. The full report is available with a subscription to YIMBY’s Building Wire service.
Filing statistics for the first quarter of 2021 are in, and New York YIMBY has prepared a detailed report that analyzes the findings. During the period from January through March, applications were filed for 3,566 new residential units across the five boroughs. Compared to the first quarter of 2020, the number of buildings filed dipped slightly in January (from 163 in 2020 to 135 in 2021) and negligibly in February (from 158 in 2020 to 158 in 2021). The unexpected surprise came in March, when a total of just six new building applications were filed over the course of the month, which is a collapse compared to the 147 filings registered in March of last year. However, many of the projects filed for during this period were conceived during the height of local and global economic uncertainty. In addition, in early March of 2021, the city implemented a moratorium on permit filings for properties that had unresolved violations, which may have further deflated the total number of new buildings filed. The full Excel spreadsheet of all Q1 2021 applications is available with purchase of the Building Wire subscription.