-
1 week ago | 
newyorkyimby.com | Max Gillespie
New details have been released about Phase 1B of the Innovative Urban Village, an affordable housing development underway in East New York, Brooklyn. Developed by Gotham Organization, Monadnock Development, and the Christian Cultural Center (CCC), the 10.5-acre project is expected to bring up to 2,000 affordable homes and a range of community amenities to the neighborhood. Phase 1B will deliver 453 affordable rental units across two buildings totaling 493,000 square feet.
-
1 week ago | 
newyorkyimby.com | Max Gillespie
The New York City Planning Commission has approved the Midtown South Mixed-Use Plan, a rezoning initiative that will allow the creation of approximately 9,700 new homes across a 42-block section of Midtown, Manhattan. Spearheaded by Mayor Eric Adams and the Department of City Planning (DCP), the plan covers an area roughly between West 23rd and West 40th Streets, from Fifth to Eighth Avenues.
-
1 week ago | 
newyorkyimby.com | Max Gillespie
New York City Mayor Eric Adams has announced progress for three housing initiatives in Brooklyn’s Coney Island that will deliver approximately 1,100 new homes, including over 720 affordable and supportive units. The projects include Coney Island Phase III by BFC Partners, the Coney Landing project by Settlement Housing Fund, and a forthcoming mixed-income development on Surf Avenue. All projects are part of the Adams administration’s “City of Yes for Families” housing strategy.
-
1 week ago | 
newyorkyimby.com | Max Gillespie
Merchants Capital has secured $231 million in financing for the renovation of Eastchester Gardens, a New York City Housing Authority (NYCHA) Permanent Affordability Commitment Together (PACT) project located in The Bronx. The $391 million redevelopment spans 10 residential buildings and includes 877 housing units.
-
1 week ago | 
newyorkyimby.com | Max Gillespie
Work has begun on a $36.9 million New York State Department of Transportation project to rehabilitate the Fort Hamilton Parkway bridge over the Gowanus Expressway in Bay Ridge, Brooklyn. The 1964 span links Bay Ridge, Dyker Heights, and Windsor Terrace; the current contract calls for completion by summer 2027 and is expected to extend the bridge’s service life by roughly 40 years.
-
1 week ago | 
newyorkyimby.com | Max Gillespie
The New York City Department of Housing Preservation and Development (HPD) has released a Request for Proposals to redevelop Parcel E at Hunter’s Point South in Long Island City, Queens. When complete, the project will deliver a new multi-building, mixed-use development on a formerly vacant waterfront site.
-
2 weeks ago | 
newyorkyimby.com | Max Gillespie
Charney Companies and Tavros, in partnership with Incoco Capital, have secured $525 million in construction financing for a new 55-story residential tower in Long Island City’s Court Square neighborhood. Designed by FXCollaborative, the property will be built on a site located at 24-19 Jackson Avenue and 45-03 23rd Street. When complete, it will yield 636 condominiums. Future residences within the building will be offered in configurations ranging from studios through four-bedrooms.
-
2 weeks ago | 
newyorkyimby.com | Max Gillespie
An agreement was recently reached between New York City and Related Companies to add nearly 50 percent more affordable housing units to Hudson Yards West, a new mixed-use development in Manhattan. Phase 2 of the project will now include approximately 4,000 residential units, with at least 625 designated as permanently affordable, an increase from the previously proposed 420 units. In addition, 139 existing units nearby will be preserved as permanently affordable.
-
2 weeks ago | 
newyorkyimby.com | Max Gillespie
Malas Development has acquired a 2.5-acre parcel at 359 Alfred Avenue in Teaneck, New Jersey, to launch the second phase of The Marq, a rental community. The upcoming six-story building, designed by CPA Architecture, will add 248 residences to the development. Construction is scheduled to begin in mid-July following the demolition of an existing industrial structure.
-
2 weeks ago | 
newyorkyimby.com | Max Gillespie
Mayor Eric Adams, alongside the New York City Economic Development Corporation (NYCEDC) and the Department of Correction (DOC), has announced the permanent removal of the Vernon C. Bain Correctional Center barge from the Hunts Point waterfront in the Bronx. In its place, the city plans to develop a new Hunts Point Marine Terminal, which will serve as a logistics hub connecting maritime freight to last-mile delivery systems throughout New York City.
