Excavation is underway at 45-30 Davis Street, the site of a 20-story residential tower in Long Island City, Queens. Designed by Marvel Architects and developed in a joint venture between ZD Jasper Realty and Ascent Development, the 136,648-square-foot structure will stand 300 feet tall and yield 13- condominiums and 15 parking spots on the first floor. The site is located off Jackson Avenue between Pearson Street and Davis Street, a short walk from the Court Square station that services the 7, E, M, and G trains.
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.
The New York City Council has unanimously approved zoning text amendments to facilitate the construction of a new mixed-use development at 737 Fourth Avenue in Sunset Park, Brooklyn. The proposed project will create 134 rental apartments, ground-floor retail, and publicly accessible car and bicycle parking.
BLDG Management Company has officially launched leasing at Stella LES, a new rental property at 251 East 2nd Street in the East Village, Manhattan. Designed by Rotwein + Blake Architects, the ten-story property houses 44 one- and two-bedroom apartments, many offering private balconies and terrace spaces.
Façade work is progressing on the topped-out superstructure of “Parcel G,” a 34-story tower in Hunters Point South, Queens. Designed by Handel Architects and developed by Gotham Organization, the building will yield 443 residential units, of which a portion will be dedicated to affordable housing, as well as a lower-level community facility for Flux Factory and for kayak rentals. The site is located by the intersection of 2nd Street and 56th Avenue.