New York YIMBY

Rendering of the new Midtown Bus Terminal, courtesy of Port Authority of New York and New Jersey

Funding Approved For New Port Authority Bus Terminal In Midtown, Manhattan

7:00 am on March 17, 2024 By Max Gillespie

Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New York and New Jersey (PANYNJ) have agreed to work together to finance a $10 billion project to replace and expand the Port Authority Bus Terminal in Midtown, Manhattan. The city has agreed to allocate 40 years of tax revenue from three new commercial developments to fund the project, which has been designed by Foster + Partners. The tax allocation is expected to generate around $2 billion and cover approximately 20 percent of the total anticipated $10 billion cost of construction for the project.

Housing Lottery Launches for 2754 Creston Avenue in Fordham, The Bronx

6:30 am on March 17, 2024 By Vanessa Londono

The affordable housing lottery has launched for 2754 Creston Avenue, a six-story residential building in Fordham, The Bronx. Designed by Rise Architecture and developed by Alfred Mitaj of First Structure LLC, the structure yields 22 residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $102,480 to $198,250.

New Renderings Revealed for KPF’s 520 Fifth Avenue Supertall in Midtown, Manhattan

8:00 am on March 16, 2024 By Michael Young and Matt Pruznick

New renderings have been revealed for 520 Fifth Avenue, a 76-story residential supertall skyscraper under construction in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, which took over from Ceruzzi Properties and SMI USA in 2019, the 1,000-foot-tall structure will span 415,000 square feet and yield 100 condominium units and commercial space on the ground floor and four cellar levels. WSP is the structural engineer, DeSimone Consulting Engineers is the façade consultant, Charles & Co. is the interior designer, and Suffolk Construction is the general contractor for the property, which is located at the northwest corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

New office space at Essex Crossing, courtesy of Delancey Street Associates

New Prebuilt Office Space Unveiled At Essex Crossing In Manhattan’s Lower East Side

7:30 am on March 16, 2024 By Max Gillespie

Delancey Street Associates recently announced new prebuilt office spaces and an amenity center at Essex Crossing, a nine-building mixed-use development located in Manhattan‘s Lower East Side neighborhood. The spaces, which are located in the development’s commercial space at 145 Delancey Street, were designed by M Moser Associates.

Rendering of 39-04 29th Street - Gerald J. Caliendo Architects

Housing Lottery Launches for 39-04 29th Street in Long Island City, Queens

7:00 am on March 16, 2024 By Vanessa Londono

The affordable housing lottery has launched for Mozart Long Island City, a six-story mixed-use building at 39-04 29th Street in Long Island City, Queens. Designed by Gerald Caliendo Architects and developed by Nestor Varela, the structure yields 20 residences, commercial space, and a parking garage. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,395 to $198,250.

Permits Filed for 31-16 21st Street in Astoria, Queens

6:30 am on March 16, 2024 By Vanessa Londono

Permits have been filed for an eight-story mixed-use building at 31-16 21st Street in Astoria, Queens. Located between 31st Road and 31st Avenue, the lot is near the 30th Avenue subway station, serviced by the N train. Weitao Shi of Central Realty LIC LLC is listed as the owner behind the applications.

Renderings Revealed for The Torch at 740 Eighth Avenue in Midtown, Manhattan

8:00 am on March 15, 2024 By Michael Young and Matt Pruznick

Renderings have been revealed for The Torch, a 1,067-foot mixed-use supertall skyscraper at 740 Eighth Avenue in Midtown, Manhattan. Designed by ODA with SLCE Architects as the architect of record and developed by Extell, the 52-story structure will span 875,372 square feet and yield an 825-room hotel on the lower half and a public outdoor observation deck with a drop ride attraction above. The property will also feature lower-level retail space, a restaurant on two of the upper floors, a VIP lounge, and a pool deck for hotel guests. Lendlease is the general contractor, WSP is the structural engineer, and Ancora Engineering is handling excavation and foundations for the project, which is located along Eighth Avenue between West 45th and 46th Streets on the border of Times Square and Hell’s Kitchen.

Existing Sears facility, via Google Maps

Construction Loan Secured For 2366 Bedford Avenue in Flatbush, Brooklyn

7:30 am on March 15, 2024 By Max Gillespie

A $140 million construction loan has been issued for a new seven-story residential development located at 2366 Bedford Avenue in Flatbush, Brooklyn. The loan was issued by SCALE Lending to Clipper Equity, the project’s developer. It marks a continuation of SCALE Lending’s aggressive financing strategy and pushes its 2024 transaction volume to over $400 million in loans provided.

Housing Lottery Launches for 3831 Carpenter Avenue in Williamsbridge, The Bronx

7:00 am on March 15, 2024 By Vanessa Londono

The affordable housing lottery has launched for 3831 Carpenter Avenue, a six-story mixed-use building in Williamsbridge, The Bronx. Designed by Node Architecture Engineering Consulting and developed by Alban Haxhari of KGCJ Development Corp., the structure yields 30 residences. Available on NYC Housing Connect are nine units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $85,303 to $165,230.

Permits Filed for 88 East 2nd Street in Manhattan’s East Village

6:30 am on March 15, 2024 By Vanessa Londono

Permits have been filed for a seven-story mixed-use building at 88 East 2nd Street in Manhattan’s East Village. Located near the northwest intersection of First Avenue and East 2nd Street, the lot is near the Bleecker Street subway station, serviced by the 6 train. Manny Ashourzadeh of Romah Management Corp. is listed as the owner behind the applications.

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