Once again, January has arrived, alongside New York YIMBY’s annual pipeline report. After our mid-2018 update portended a banner year for new construction, the 2019 report has confirmed it, as the total number of multi-family units filed with the Department of Buildings saw a tremendous surge over the past 365 days. 2018 saw 32,580 multi-family units filed with the DOB, beating 2017’s total of 19,180 units by a whopping 70%. The full 2019 report, containing all 2,482 of 2018’s new building filings in spreadsheet format, is available at the following link for $199.
Articles by Nikolai Fedak
With the number of supertalls on the Manhattan skyline doubling within the past year, it is easy to forget about impending proposals not yet out of the ground. But now, the second supertall to result from the Midtown East rezoning is moving forward, with JPMorgan Chase filing a text amendment with City Planning for a 1,400-foot tower on the site of 270 Park Avenue. Designed by Foster + Partners Architects, the plans also come with the first renderings of the 2.4 million square foot supertall, and massing diagrams that offer a look at what’s in store for New York City’s most central business district.
YIMBY recently sat down with Larry Silverstein to discuss his firm’s upcoming projects, as well as the status of the World Trade Center’s last remaining office supertall-to-be, at 200 Greenwich Street. With 3,000 new rental units in the works and Norman Foster’s design still on the table for Two World Trade Center, the scope of work Mr. Silverstein is undertaking is also now expanding into Journal Square and Queens.
Last week, a proposal for a major new development at 6208 8th Avenue, in Sunset Park, Brooklyn, began to wind its way through the City’s planning processes. Today, we have the exclusive first look at another mega-project proposed directly across the street, at 6205 8th Avenue, where DXA Studio has designed an enormous two-block plan that would cover even more of the open railway tracks that currently leave the neighborhood bereft of its obvious potential.
While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.