Permits have been filed for an 11-story residential building at 2324 Second Avenue in East Harlem, Manhattan. Located between East 119th and East 120th Streets, the lot is near the 116th Street subway station, serviced by the 6 train. Chicago-based Lakshmi Capital Management LLC is listed as the owner behind the applications.
Summer has come and gone, and as New Yorkers roll back their clocks, YIMBY rolls out our latest quarterly report that analyzes in detail the trends behind three months’ worth of construction permit filings. In the period from July through September of 2022, the Department of Buildings registered a total of 769 new construction filings throughout New York City, which promise to add 7,217 units to the city’s residential and hotel stock. The permit numbers maintain the robust filing volume we have observed so far throughout the year, as even the quarter’s least-active months continue to far outpace the figures from last year.
Developers, New York City officials, and community leaders recently joined to celebrate the grand opening of 425 Grand Concourse, a 26-story affordable housing property in Mott Haven, The Bronx. Designed by Dattner Architects and developed by Trinity Financial and local non-profit group MBD Community Housing Corporation, the 300,000-square-foot structure will yield 277 affordable apartments, an educational facility, a health clinic, a supermarket, and a community cultural space.
Permits have been filed for a 13-story mixed-use building with affordable housing at 261 Walton Avenue in Mott Haven, The Bronx. Located between East 138th Street and East 140th Street, the lot is near the 138 Street-Grand Concourse subway station, serviced by the 4 and 5 trains. Joshua Weissman of JCAL Development is listed as the owner behind the applications.
Foundation work is underway at 14 Fifth Avenue, the site of a 19-story residential building in Greenwich Village. Designed by Robert A.M. Stern Architects and Hill West Architects and developed by Madison Realty Capital, which purchased the 5,255-square-foot plot for $27.5 million in 2015, the 241-foot-tall structure will yield 20 condominium units. CM & Associates is the general contractor for the property, which is located between East 8th and East 9th Streets, just north of Washington Square Park.
