Residential

New York YIMBY’s 2018 Construction Report: New Building Applications Finally Stabilize After Two Years of Massive Drops

8:00 am on January 8, 2018 By Nikolai Fedak

Last year, YIMBY’s pipeline report showed a dramatic decrease in new building filings, with 2015’s multi-family count of 32,702 units falling precipitously, to 19,356 in 2016. Fortunately, the hemorrhaging of pipeline additions has nearly come to a complete stop, and 2017 saw filings for 19,180 multi-family units, a drop of under one percent. The full report, covering all 2,030 new building applications filed last year, is downloadable in Excel format at the following link.

150 Rivington Street rooftop, design by GLUCK+

Construction Update, New Renderings for 150 Rivington Street, Lower East Side, Manhattan

7:30 am on January 8, 2018 By Andrew Nelson

A new seven-story residential building is starting to rise above its townhouse neighbors on the Lower East Side of Manhattan. 150 Rivington Street is located in a quiet spot of the bustling neighborhood, three blocks away from the Delancey-Essex Street Subway Station, serviced by the F, J, M, and Z trains. Cogswell Lee Development will be responsible for the development, which replaces the old Streitz Matzo Factory.

Permits Filed for 219 Hudson Street, SoHo

7:00 am on January 8, 2018 By Andrew Nelson

Permits have been filed for a 10-story mixed-use building at 219 Hudson Street, in SoHo. The site is two blocks away from two Canal Street Subway Stations, serviced collectively by the A, C, E, 1 and 2 trains. YIMBY last reported on the site in October 2015, when Joel Braver of Express Builders JB purchased the site for $13.2 million. The firm has retained ownership and will be responsible for development.

Permits Filed for 40-06 68th Street, Woodside, Queens

6:30 am on January 8, 2018 By Andrew Nelson

Permits have been filed for a six-story mixed-use building at 40-06 68^th Street, in Woodside, Queens. The site is a block away from the 69^th Street Fisk Avenue Subway Station, serviced by the 7 train, and six blocks away from the 65^th Street Station, serviced by the E, M, and R trains. Tim Chan will be responsible for the development.

Mixed-Use Redevelopment at 72 South Second Street Revealed, Williamsburg

7:30 am on January 5, 2018 By Nikolai Fedak

The Williamsburg development boom continues apace, and today YIMBY has the details for a mixed-use project that is coming to 72 South Second Street. T.F. Cusanelli & Filletti Architects in collaboration with INNOCAD architecture will be designing the building, which will result in a completely refurbished corner fronting directly onto Wythe Avenue, and we first reported on the DOB applications back in September of 2016.

885 Grand Street, design by Oaklander, Coogan & Vitto Architects

Loan Acquired, Rendering Revealed for 885 Grand Street, East Williamsburg, Brooklyn

7:00 am on January 5, 2018 By Andrew Nelson

Plans for a new eight-story apartment building at 885 Grand Street in East Williamsburg are moving ahead after the joint venture of Lemle & Wolff Development Co. and Alphonso Milo secured a $12.85 million construction loan from Sterling National Bank. Today, YIMBY also has the first rendering for the project.

24 Second Avenue, image by Andrew Campbell Nelson

24 2nd Avenue Nears Completion in the East Village, Manhattan

6:30 am on January 5, 2018 By Andrew Nelson

A new mixed-use condominium building is racing toward completion in the East Village of Manhattan. 24 2^nd Avenue has topped out at the 10^th story, with nearly all window installation now complete. Permits were filed for the structure in mid-2015, replacing East Village’s last gas station. AORE Capital is responsible for the development.

Permits Filed for 179 4th Avenue, Park Slope, Brooklyn

6:00 am on January 5, 2018 By Andrew Nelson

Permits have been filed for an 11-story mixed-use building at 179 4^th Avenue, on the border of Park Slope and Gowanus, in Brooklyn. The site is just two blocks away from the Union Street Subway Station, serviced by the D and R trains. The Whole Foods Market right on the Gowanus Canal is also nine blocks away. Vanguard Investors will be responsible for the development.

Site 4 North of Essex Crossing, 180 Broome Street, rendering by Handel Architects

$200 Million Construction Loan Secured for 180 Broome Street, Essex Crossing, Lower East Side

7:30 am on January 4, 2018 By Andrew Nelson

Delancey Street Associates has closed a deal for funding the construction of 180 Broome Street, on the Lower East Side. The capital comes from Wells Fargo and M&T Bank, along with equity from DSA and Goldman Sachs Urban Investment Group. The loan secures $200 Million out of the projected total construction cost of $300 million. Essex Crossing is being developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Investment Partners, and Goldman Sachs.

Permits Filed for High-Rise at 61 DeKalb Avenue, Downtown Brooklyn

6:30 am on January 4, 2018 By Andrew Nelson

A new high-rise could be coming right next to the future supertall at 9 DeKalb Avenue. Permits have been filed for a 34-story residential building and parking garage at 61 DeKalb Avenue, on Long Island University’s campus in Downtown Brooklyn. The site is just a handful of blocks away from the A, B, C, D, G, Q, R, 2 3, 4, and 5 train, giving it near-immediate access to the rest of the city. Also in the neighborhood is NYU’s growing Brooklyn campus. LIU will be responsible for development.

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