The worsening housing crisis within the Five Boroughs has been apparent to most residents for quite some time. And now, the Department of City Planning is taking notice. Today, YIMBY has the latest from an event held earlier this week for an Association for a Better New York (ABNY), where its first director affirmed the need to produce more housing, as both New York and its suburbs are failing in this capacity.
Verticality has commenced at 123 Linden Boulevard, a 20-story residential building rising in Flatbush, Brooklyn. Borough Park-based Solomon Feder is listed as responsible for the project on applications, however, The Moinian Group is the chief developer.
Permits have been filed for a seven-story residential building at 101 East 2nd Street, in the notoriously underdeveloped East Village of Manhattan. The site is seven blocks away from the Delancey-Essex Street subway station, serviced by the F, J, M, and Z trains. Sergey Rybak is behind the applications.
Permits have been filed for a six-story mixed-use building at 686 Courtlandt Avenue in Melrose, The Bronx. The site comes six blocks away from the 3rd Avenue 149th Street subway station, serviced by the 2 and 5 trains. Antonio Iachetta is listed as responsible for the development.
Five buildings have now been demolished at 75-83 Nassau Street, just a block away from the Fulton Street transportation hub in the center of the Financial District. The activity will make way for Lexin Capital’s proposed 40-story residential skyscraper designed by ODA. New building permits are still awaiting approval, but recent activity on site suggests increasing momentum toward actual construction.