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%.
52-41 Center Boulevard
Permits have been filed for a 46-story mixed-use high rise along Queens’ East River waterfront, overlooking Manhattan. The structure will rise at 52-41 Center Boulevard, in the Hunters Point neighborhood. The project is part of TF Cornerstone’s Hunters Point South Towers, and will be the shorter of two new skyscrapers.