Residential

898 Bushwick Avenue

Housing Lottery Launches for 898 Bushwick Avenue in Bushwick, Brooklyn

The affordable housing lottery is open for 898 Bushwick Avenue, a four-story residential development in Bushwick, Brooklyn. The eight-unit building is developed by Josh Navi and designed by Gerald Caliendo, and will yield 7,151 square feet. Available on NYC Housing Connect are three units for rent for residents at 130 percent of the area median income, ranging in eligible income from $66,858 to $159,640.

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YIMBY’s 2021 Construction Report Shows 30,036 New Residential Unit Filings in New York City

YIMBY’s 2020 New Building Report, covering 2019’s numbers, showed a substantial increase in applications, with 2019’s total filings reaching 36,467. This year, the numbers have dropped somewhat, with 2020’s submitted residential units totaling 30,036. While this was a decrease, it was still substantially above the 2018 total of only 20,393 new units filed, indicating that in spite of the profound headwinds beginning in March of last year that are now seemingly abating, permitting activity remained fairly vigorous. The full report covering 1,774 new buildings and over 57 million square feet of new floor space is available in Excel format upon purchase of YIMBY’s Building Wire subscription.

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The Cortland’s Red Brick Façade Continues Progress at 555 West 22nd Street in West Chelsea, Manhattan

Exterior work is continuing to shape up on The Cortland, a 26-story condominium building at 555 West 22nd Street in West Chelsea. Designed by Robert A. M. Stern Architects and developed by Related Companies with SLCE Architects as the architect of record, the nearly 300-foot-tall, 250,000-square-foot project will yield 141 units, averaging around 2,245 square feet apiece. The building is located along West Street and the Hudson River waterfront between West 22nd and West 23rd Streets.

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