Hotel

YIMBY’s 2021 Construction Report Shows 30,036 New Residential Unit Filings in New York City

YIMBY’s 2020 New Building Report, covering 2019’s numbers, showed a substantial increase in applications, with 2019’s total filings reaching 36,467. This year, the numbers have dropped somewhat, with 2020’s submitted residential units totaling 30,036. While this was a decrease, it was still substantially above the 2018 total of only 20,393 new units filed, indicating that in spite of the profound headwinds beginning in March of last year that are now seemingly abating, permitting activity remained fairly vigorous. The full report covering 1,774 new buildings and over 57 million square feet of new floor space is available in Excel format upon purchase of YIMBY’s Building Wire subscription.

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Rendering of 555 Broadway - ODA Architecture

Exclusive New Renderings Reveal The Collective’s 28-Story Flagship at 555 Broadway in Brooklyn

In an exclusive reveal, new renderings from ODA offer a first look at The Collective’s forthcoming New York City flagship in North Brooklyn. Located at 555 Broadway on the border of South Williamsburg and Broadway Triangle, the building will top out at 28 stories and contain a mix of rental apartments, short-stay rooms, shared office space, retail, community facilities, and a collection of amenity spaces.

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Margaritaville Resort Nears Completion at 560 Seventh Avenue in Times Square, Manhattan

Façade installation is nearing completion on the Margaritaville Resort New York at 560 Seventh Avenue in Times Square. Designed by Stonehill Taylor and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the 29-story, 375-foot-tall tower will yield 234 guest rooms with island-inspired interior designs. The project, which is located at the corner of Seventh Avenue and West 40th Street, is expected to cost around $300 million.

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