Feature

New York YIMBY’s Q3 2024 Construction Report Shows Nearly 19,000 Filed Residential and Hotel Units

By Vitali Ogorodnikov

As temperatures begin to drop, New York City’s construction market shows no signs of cooling down. New York YIMBY’s construction report for the third quarter of 2024, based on permit filings submitted to the Department of Buildings during the three-month period from July through September, shows strong filing activity that indicates momentum is continuing from the preceding quarterly tallies. In the third quarter, New York’s developers filed permits for a total of 1,071 new buildings, measuring a combined 26.8 million square feet with 18,935 residential and hotel units. Below, we break the data down in a series of detailed analyses. A complete data sheet, with detailed information on each proposed development, is available with a subscription to YIMBY’s Building Wire.

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Photograph of Eric Adams, via nyc.gov

Mayor Adams Announces GreenHOUSE Fund to Reduce Housing Emissions In New York City

By Max Gillespie

New York City Mayor Eric Adams recently announced the creation of the GreenHOUSE Fund, which will aim to assist rent-regulated apartment buildings and low-income co-ops in their efforts to decarbonize. If approved, the fund will work to improve air quality in disadvantaged communities with high asthma rates while simultaneously moving the city and state closer to achieving emissions reduction and equity goals.

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Rendering of 4519 White Plains Road. Designed by OCV Architects

New Affordable Housing Development Opens At 4519 White Plains Road In Wakefield, The Bronx

By Max Gillespie

Occupancy has begun for The Plains, a nine-story affordable and supportive housing project at 4519 White Plains Road in Wakefield, The Bronx. Designed by OCV Architects and developed in collaboration between The Doe Fund and Robert Sanborn Development, the 82,465-square-foot structure yields 98 apartments, with 20 units reserved for adults age 62 and older. The $51.6 million project is located between East 239th and 240th Streets.

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Photograph of 66 Monitor Street. Designed by GRT Architects

The Starling Completes Construction at 66 Monitor Street In Jersey City, New Jersey

By Max Gillespie

The Starling, a new six-story residential building at 66 Monitor Street in Jersey City, New Jersey, is now open for occupancy. Developers Alpine Residential and Fields Grade recently held a ribbon cutting ceremony to celebrate the milestone, as well as the completion of Atlas, another nearby project from the team at 270 Johnston Avenue. Designed by GRT Architects, The Starling yields 39 units in studio to three-bedroom layouts. The property is located by intersection of Montior and Maple Streets.
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Photograph of Atlas Jersey City, courtesy of Cahn PR

Atlas Residential Tower Opens at 270 Johnston Avenue in Jersey City, New Jersey

By Max Gillespie

Atlas, a 24-story rental building at 270 Johnston Avenue in Jersey City, New Jersey, officially opened with a ceremonial ribbon cutting on September 12. Designed by MHS Architecture and developed by Alpine Residential and Fields Grade, the structure will yield 169 units in studio to three-bedroom layouts, with many offering private outdoor space. The property is located between Maple/Garabrant Street and Communipaw Avenue, in close proximity to Liberty State Park.

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