New York YIMBY

8:00 am on May 28, 2026 By Vanessa Londono

Haussmann Development Secures $40.75 Million Construction Loan for Mixed-Income Project in Manhattanville

Haussmann Development is moving forward on a new residential building at 16-20 Convent Avenue, closing on a $40.75 million construction loan from Affinius Capital in partnership with Axonic Capital. The new 84-unit mixed-income building will be located in Manhattanville, on a prominent corner site near Columbia University’s expanding campus. Construction is expected to be completed in early 2028.

South Battery Park City Resiliency Project’s Storm Surge Walls Take Shape In Lower Manhattan

7:30 am on May 28, 2026 By Michael Young

Construction is progressing on the South Battery Park City Resiliency Project (SBPCRP) in Battery Park, Manhattan. Led by architect and engineer AECOM, the project is one component of the 3.5-mile-long Lower Manhattan Coastal Resiliency (LMCR) master plan to reduce the risk of flood damage from storm events like Hurricane Sandy. Hugh L. Carey Battery Park City Authority is listed as the owner of the development.

Shirley Aninias School Signs Lease For 30 Wall Street In Financial District, Manhattan

7:00 am on May 28, 2026 By Max Gillespie

The Shirley Aninias School has signed a 23,000-square-foot lease at 30 Wall Street in Manhattan’s Financial District. The private special education program will occupy the second and third floors under a 15-year lease, which is the largest completed at the building to date. The property is located at the corner of Wall and Nassau Streets.

Housing Lottery Launches for 2334-2336 Valentine Avenue in Fordham, The Bronx

7:00 am on May 28, 2026 By Vanessa Londono

The affordable housing lottery has launched for 2334-2336 Valentine Avenue in Fordham, The Bronx. Designed by Nikolai Katz Architect and developed by Mendy Tessler, the structure yields 17 residences. Available on NYC Housing Connect are seven units for residents at 80 percent of the area median income (AMI), ranging in eligible income from $81,086 to $146,560.

Penn Station Renovation. Image: Gothamist

Development Team, Renderings Revealed for Penn Station Overhaul in Midtown, Manhattan

8:00 am on May 27, 2026 By Matt Pruznick

The long-gestating plan to revitalize Penn Station has taken a significant step forward with the selection of a development team for the Midtown, Manhattan transit hub. Penn Transformation Partners, a joint venture between Halmar and Skanska, will lead the project, which will involve extensive exterior and interior revisions to the facility while preserving and re-cladding Madison Square Garden.

125 Columbus Avenue. Rendering courtesy of Intellectual Reserve, Inc..

Manhattan New York Temple’s Renovations Continue at 125 Columbus Avenue on Manhattan’s Upper West Side

7:30 am on May 27, 2026 By Michael Young and Matt Pruznick

Renovation work is progressing on the Manhattan New York Temple at 125 Columbus Avenue on Manhattan’s Upper West Side. Originally designed by Schuman, Lichtenstein & Claman in 1976, then redesigned by Frank Fernandez in 2004, the 20,630-square-foot structure is owned by The Church of Jesus Christ of Latter-Day Saints and is currently undergoing an interior overhaul and façade revision. The property is located at the northeast corner of Columbus Avenue and West 65th Street.

Housing Lottery Launches for HELP Hinsdale C at 314 Hinsdale Street in East New York, Brooklyn

7:00 am on May 27, 2026 By Vanessa Londono

The affordable housing lottery has launched for HELP Hinsdale C, a six-story residential building at 314 Hinsdale Street in East New York, Brooklyn. Designed by Curtis and Ginsberg Architects and developed by HELP Development Corp., the structure yields 51 residences. Available on NYC Housing Connect are 30 units for residents at 40 to 60 percent of the area median income (AMI), ranging in eligible income from $46,115 to $126,240.

Permits Filed for 33-28 148th Street in Flushing, Queens

6:30 am on May 27, 2026 By Vanessa Londono

Permits have been filed for a three-story residential building at 33-28 148th Street in Flushing, Queens. Located between 33rd Avenue and 34th Avenue, the lot is closest to the Flushing–Main Street subway station, served by the 7 train. Wendy Tseng of True Buddha Diamond Temple is listed as the owner behind the applications.

2 World Trade Center. Photo by Michael Young.

New York YIMBY’s 2026 First-Quarter Construction Report Tallies a Dramatic Increase in Development

8:00 am on May 26, 2026 By Vitali Ogorodnikov

In December 2024, the New York City Council passed The City of Yes for Housing Opportunity, a sizable zoning amendment meant to facilitate and encourage much-needed residential construction in the housing-starved megapolis. A year later, the legislative measure already appears to yield much-welcome positive results. A data sheet that provides detailed information on each proposed project and their development teams is available with a subscription to YIMBY’s Building Wire.

Red Hook, Brooklyn. Photo by Michael Young.

New Residential And Commercial Projects Underway in Red Hook, Brooklyn

7:30 am on May 26, 2026 By Michael Young and Matt Pruznick

YIMBY recently visited Red Hook, Brooklyn to check in on five low-rise residential and commercial buildings under construction. The projects are all located west of Dwight Street in the northern end of the district, within walking distance of the Red Hook ferry terminal, and are emblematic of the city’s steady transformation of former industrial areas into vibrant mixed-use communities.

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