Downtown

New York YIMBY’s 2019 Construction Report Shows Impressive 70% Year-Over-Year Surge in Multi-Family Housing Filings

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.

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Work Continues for 45 Broad Street, the Financial District’s First Impending Residential Supertall

Located to the south of the New York Stock Exchange on a narrow rectangular strip of land along Broad Street, the Financial District’s first residential supertall will soon rise at 45 Broad Street. The tower will eventually soar 1,115 feet above the crowded streets of Lower Manhattan, and should make a very dramatic impact on the skyline in the coming years. Clad with bronze-colored aluminum panels and an intricate mix of sleek vertical and curved lines, it is the 5th-tallest skyscraper currently under construction in New York City. CetraRuddy is the architect, while the developers are Madison Equities and Pizzarotti LLC.

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151 Broome Street in Lower East Side, Manhattan

Demolition Permits Filed for 151-161 Broome Street on Manhattan’s Lower East Side

Demolition permits have been filed for the one-story building at 151 Broome Street, on the Lower East Side of Manhattan. Located between Clinton Street and Pitt Street, the mid-block structure has been home to Little Star of Broome Street, an early childhood center servicing the neighborhood. Kevin Cronin of the non-profit organization Grand Street Guild is listed as the owner behind the applications.

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