YIMBY recently sat down with Jerry Pi, of the eponymous Pi Capital Partners, whose principals are comprised of Jerry and his father. From developing affordable and market-rate housing in the Outer Boroughs, to a new skyscraper in Midtown Manhattan just steps from the Empire State Building, the firm’s activities in New York City have been extensive. Today’s interview covers the firm’s origins, the importance of transportation and infrastructure improvements to a functioning Midtown Manhattan, and what may be next in store for Queens, with the imminent completion of both JFK and LaGuardia’s renovations and expansions.
Articles by Nikolai Fedak
UPDATE: A source has informed YIMBY that the depicted design was created for the site’s previous owners by Ennead Architects, and is now out of date. The actual plans are unlikely to include a residential component.
After vainly attempting to stymy the rise of 200 Amsterdam Avenue through multiple frivolous lawsuits, the residents of the hulking and monolithically anti-urban Lincoln Towers may soon be reaping just karmic desserts, with an even taller neighbor now apparently in the works on their southern periphery. Preliminary renderings have been found for Taconic’s planned two-towered development at 125 West End Avenue, and if the first image of the project is any indicator, the larger of its two towers could steal 200 Amsterdam’s mantle as the tallest skyscraper on the Upper West Side.
When it comes to new development in New York City, one of the most prolific and notable of the current firms in existence is The Durst Organization, which previously led the construction of One World Trade Center in a public-private partnership with The Port Authority. YIMBY recently interviewed its eponymous head, Douglas Durst, who gave updates on the firm’s major new Long Island City project, dubbed Sven, as well as a range of other topics.
Recently, new developments and re-zonings promising community and retail amenities alongside thousands of new affordable housing units have been stymied in Two Bridges and Inwood. Now, plans for substantial injections of the aforementioned components by the Olnick Organization at Harlem‘s Lenox Terrace have been attacked as well. Spearheaded by Manhattan Borough President Gale Brewer, the latest effort constitutes a contemporary example of redlining, and is an explicit violation of the National Civil Rights Act of 1968.
YIMBY’s 2019 New Building Report, released this time last year, showed a major jump in applications from 2017 into 2018, with new residential units filed with the Department of Buildings rising from 20,393 to 34,039. YIMBY’s 2020 New Construction Report shows that citywide gains continued into 2019, with total units filed increasing to 36,467, a jump of 2,428 or 7.1%. The full report is available in spreadsheet format at the link for $199.