Search Results for: planned residential development

New York City’s most successful real estate agents make it their business to know the city’s highlights, hot spots, secrets, and specialties; many are NYC natives or longtime residents whose love for the city’s streets and avenues adds indisputable value to their career of choice. We’ve asked a few top agents to tell us about their favorite neighborhoods and share their views on what the city's future may hold. Read on for insights from Leslie Hirsch, an insider with an enviable view from Billionaires' Row.
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Four new skateparks opening in Brooklyn and the Bronx

Mount Prospect Park in Brooklyn via Wikimedia

January 25, 2024

Four new skateparks opening in Brooklyn and the Bronx

New York City is working with legendary skateboarder Tony Hawk to develop four new skateparks in Brooklyn and the Bronx. Mayor Eric Adams during his State of the City address on Wednesday announced a partnership with The Skatepark Project, a nonprofit founded by Hawk, to bring four skateparks in communities lacking access to public recreation spaces. The project is being fast-tracked for completion in just three years. The plan involves renovating two existing skateparks, at Brower Park and Bronx Park, and constructing two new ones, at Mount Prospect Park and Soundview Park.
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Architecture And Design

NYC seeks feedback on rezoning plan around new Bronx Metro-North stations

Rendering courtesy of DCP. A potential revamp of Morris Park Plaza.

January 9, 2024

NYC seeks feedback on rezoning plan around new Bronx Metro-North stations

City officials want New Yorkers to weigh in on a rezoning plan that proposes 6,000 new homes for the area surrounding four new Metro-North Stations in the East Bronx. The Department of City Planning (DCP) on Wednesday will host an online informational session for the Bronx Metro-North Station Area Plan, a rezoning effort proposed for Morris Park, Parkchester/Van Nest, Hunts Point, and Co-Op City. During the meeting, DCP officials will hear feedback and answer questions given by the community about the proposed land use changes ahead of the start of the official public review process.
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After 20 years, Pacific Park faces foreclosure and an uncertain future

Photo credit: Amaury Laporte via Flickr.

December 19, 2023

After 20 years, Pacific Park faces foreclosure and an uncertain future

As the massive Brooklyn megadevelopment once known as Atlantic Yards reaches its 20th anniversary, news of the project's progress has been scarce. But recent changes affecting the development anchored by Barclays Center may put the 22-acre site–now known as Pacific Park–back in the spotlight. As The Real Deal reported in a wrap-up of its progress over the past two decades, current developer Greenland USA has defaulted on nearly $350 million in loans attached to the project's second phase. With foreclosure imminent, an auction, scheduled for next month, may mean a new developer will be responsible for fulfilling crucial affordable housing agreements and inherit penalties for unbuilt units.
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400 units of affordable housing approved for 5 World Trade Center

Renderings of 5 World Trade Center courtesy of Gov. Kathy Hochul’s Office

July 27, 2023

400 units of affordable housing approved for 5 World Trade Center

The 900-foot-tall mixed-use skyscraper planned for 5 World Trade Center will include 400 units of affordable housing, a slight increase from the original proposal. After stalled negotiations, the Public Authorities Control Board on Thursday approved the mixed-use development at 130 Liberty Street, which calls for 1,200 new apartments, one-third of which will be permanently affordable to New Yorkers earning between 40 and 120 percent of the area median income. Plus, 20 percent of the affordable apartments will be offered to individuals who lived or worked in the neighborhood on September 11, including first responders and families of victims. Construction is scheduled to start next year, Gov. Kathy Hochul said.
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Jersey City’s Hudson Exchange begins construction of 60-story second phase

Rendering courtesy of Beyer Blinder Belle

June 30, 2023

Jersey City’s Hudson Exchange begins construction of 60-story second phase

Ground has broken on the second phase of Hudson Exchange, one of Jersey City's largest and most anticipated redevelopment projects. Located at 420 Marin Boulevard, the 1.3 million square foot development will feature a 60-story mixed-use tower with 802 luxury rental apartments and 115,000 square feet of retail space. Developed by Brookfield Properties and G&S Investors, the property will also include pre-leased ShopRite supermarket space.
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New Developments

NYC’s first multi-family geothermal project tops out in Coney Island

Images courtesy of LCOR

May 25, 2023

NYC’s first multi-family geothermal project tops out in Coney Island

New York City's first multi-family geothermal project has topped out in Coney Island. The residential development at 1515 Surf Avenue will include 463 apartments, of which 139 will be designated as affordable. The building's geothermal system will use the Earth to heat and cool the property and power its water systems, eliminating the need for equipment that would run on fossil fuels.
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New renderings show off NYC’s first professional soccer stadium

All renderings courtesy of the New York City Football Club

May 16, 2023

New renderings show off NYC’s first professional soccer stadium

Renderings have been unveiled for New York City's first-ever professional soccer stadium. During a Queens Community Board 7 meeting last week, Related Companies, Sterling Equities, and the NYC Football Club (NYCFC) presented new renderings for the Willets Point Revitalization Plan, a massive mixed-use development planned for Queens that includes a 25,000-seat stadium, a 250-room hotel, a 650-seat public school, over 40,000 square feet of public open space, retail space, and 2,500 affordable housing units. The stadium is scheduled to open in time for the 2027 season.
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May 11, 2023

Huge light installation coming to site of proposed Midtown East casino near the U.N.

An impressive light installation will debut this fall at the storied 7-acre vacant site near the United Nations in Midtown East. Stretching from 38th to 41st Streets on First Avenue, and designed by world-renowned artist Bruce Munro, "Field of Light" will include an array of 17,000 flower-like lights that will serve as a "beacon of freedom and hope around the world." Opening in September, the free and public installation is being paid for by the Soloviev Group, the firm which has proposed constructing a mixed-use development dubbed Freedom Plaza on the undeveloped property, anchored by one of three casinos planned for the New York City area.
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Events & Things To Do

See Jersey City’s $500M plan to redevelop a public housing complex into massive mixed-use community

All renderings courtesy of PS&S Architects

March 6, 2023

See Jersey City’s $500M plan to redevelop a public housing complex into massive mixed-use community

An innovative plan to redevelop a public housing project in downtown Jersey City into a massive new community with over 600 units of housing is moving forward. The Jersey City Housing Authority (JCHA) voted to select WinnDevelopment to oversee the revitalization of the 80-year-old Holland Gardens complex, which involves razing all five existing buildings and constructing four new high-rise towers that will be home to senior housing, for-sale condos, public housing units, market-rate rentals, and community space. The $500 million project will be about 50 percent affordable, Mayor Steven Fulop announced last week.
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For $930K, this compact Greenpoint condo gets a lift from 14-foot ceilings, a loft, and a private terrace

Photo credit: Yoko Tsukasa of VHT for The Corcoran Group

September 29, 2022

For $930K, this compact Greenpoint condo gets a lift from 14-foot ceilings, a loft, and a private terrace

Just a few blocks from the Greenpoint waterfront–one of New York City's fastest-growing residential development areas–this two-level, one-bedroom condo at 182 Huron Street, asking $930,000, sits at a crossroads of old and new. South-facing light floods the home from wall-height windows, and 14-foot ceilings give the space a loft vibe. A sunny balcony overlooks the courtyards below.
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Hochul, Adams reach agreement on financing for Penn Station rebuild

Photo by Danazar on Wikimedia

July 19, 2022

Hochul, Adams reach agreement on financing for Penn Station rebuild

Gov. Kathy Hochul and Mayor Eric Adams announced Monday that they have reached an agreement on who will pick up the tab for the planned reconstruction and expansion of Penn Station and the redevelopment of the surrounding area. The financial agreement between city and state assures that a consistent level of property tax revenue is maintained and underscores a commitment to not raising taxes or transit fares by using funds from privately financed development to help pay for the project.
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Policy

Hoboken approves transit-oriented mixed-use project on the waterfront

All renderings courtesy of LCOR

July 11, 2022

Hoboken approves transit-oriented mixed-use project on the waterfront

After 15 years of delays, the plan to revitalize the southern end of the Hoboken waterfront is officially moving ahead. Mayor Ravi Bhalla on Thursday signed a redevelopment agreement that paves the way forward for Hoboken Connect, a mixed-use development that includes new office space, housing, and public open space near the transit hub Hoboken Terminal.
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Photo credit: Caroline Culler via Wikimedia cc

June 28, 2022

The ultimate guide to Dumbo, a neighborhood that led the way to Brooklyn’s 21st century

Brooklyn's 25-block Dumbo neighborhood gets its name from where it can be found: Down Under the Manhattan Bridge Overpass, which explains not only the neighborhood’s location, but its cultural and residential evolution. The waterfront district’s iconic East River and Manhattan views and its stunning bridge-framed architectural vistas have defined it long before its current acronym and status as a coveted residential choice. Unlike many other Brooklyn neighborhoods, the area it occupies is quite small, but its architecture, infrastructure, and economic status are formidable.
Your guide to Dumbo, this way

Events & Things To Do

Developers behind Harlem’s One45 withdraw plan after opposition from local council member

Rendering courtesy of SHoP Architects

June 1, 2022

Developers behind Harlem’s One45 withdraw plan after opposition from local council member

A proposal to bring two new residential towers with hundreds of affordable housing units to a largely vacant lot in Harlem was scrapped by developers this week. Late on Monday, the developer withdrew the project, known as One45, a few hours before it was set to be voted on by a City Council committee, as Patch first reported. The plan involved two mixed-use towers on the corner of West 145th Street and Lenox Avenue with a total of 915 apartments. The proposal faced fierce opposition from local Council Member Kristin Richardson Jordan, who argued that the new development would displace Harlem's Black residents and contribute to gentrification. Without the zoning changes needed to build One45, the developers could construct a condo building with no affordable housing, a self-storage facility, and a community facility.
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Affordable Housing

51 middle-income rentals available in East Harlem, from $2,200/month

Rendering courtesy of the NYC Department of Housing Preservation and Development

May 12, 2022

51 middle-income rentals available in East Harlem, from $2,200/month

Applications are currently being accepted for 51 middle-income units at a new residential development in Upper Manhattan. Located at 1998 Second Avenue in East Harlem, the 12-story building gives residents access to a host of amenities and the Upper East Side's wide variety of restaurants and stores. New Yorkers earning 130 percent of the area median income-- or between $75,429 annually for a single person and $215,150 for a family of seven--are eligible to apply for the apartments, which range from $2,200/month studios to $3,750/month three bedrooms.
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Affordable Housing

The ultimate guide to Greenpoint, a Brooklyn waterfront neighborhood on the rise

Photo courtesy of Greenpoint Terminal Market

April 19, 2022

The ultimate guide to Greenpoint, a Brooklyn waterfront neighborhood on the rise

Situated in Brooklyn's northernmost corner, bridging the popular enclaves of Williamsburg and Long Island City, Greenpoint is an eclectic star in the North Brooklyn neighborhood constellation. A somewhat sleepy industrial neighborhood for much of the 20th century, Greenpoint was settled by Polish immigrants who came here to work along the waterfront nearly a century ago. In the 21st century, having been made irreversibly famous by the hit TV series Girls, it has become one of the most desirable residential areas in Brooklyn.
Your guide to Greenpoint, this way

See the luxury condo towers coming to one of Greenpoint’s remaining waterfront parcels

Images courtesy of SERHANT. New Development. Renderings by Christian Eriksson, Redundant Pixel

February 23, 2022

See the luxury condo towers coming to one of Greenpoint’s remaining waterfront parcels

A new luxury residential project is set to rise on one of Greenpoint's few remaining vacant waterfront parcels. First spotted last month by CityRealty, The Huron is a two-tower condo development featuring 171 units ranging from studios to four bedrooms. Developed by Quadrum Global, the two towers boast eight exposures that maximize waterfront views and 30,000 square feet of amenity space, including an indoor saltwater pool overlooking the Manhattan skyline.
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Lottery opens for 117 affordable units at health-focused complex in Brownsville, from $959/month

Image courtesy of the NYC Department of Housing Preservation and Development

February 3, 2022

Lottery opens for 117 affordable units at health-focused complex in Brownsville, from $959/month

Applications are now being accepted for 117 newly constructed apartments in Brooklyn. Located at 535 East 98th Street in Brownsville, Vital Brookdale is a health-focused mixed-use residential development that is part of New York State's Vital Brooklyn Initiative, an ongoing program for underserved communities in Central Brooklyn. New Yorkers earning 50, 60, and 80 percent of the area median income are eligible to apply for the units, which range from $959/month studios to $2,320/month three-bedrooms.
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Affordable Housing

NYC to invest $75M towards completion of long-awaited Bushwick Inlet Park

Image courtesy of Photographer/Mayoral Photography Office on Flickr

December 28, 2021

NYC to invest $75M towards completion of long-awaited Bushwick Inlet Park

After 16 years, the 27-acre waterfront park planned for North Brooklyn has taken a major step towards completion. Mayor Bill de Blasio announced on Monday that the city has allocated $75 million of its budget for the construction of the final piece of Bushwick Inlet Park. The funding will be for work on the next phases of the park, which begins with the demolition of the CitiStorage warehouse that sits on a parcel of land the city purchased in 2017 but has yet to rebuild.
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Lottery opens for 138 mixed-income units a block from the Coney Island boardwalk, from $558/month

Photo of Coney Island by Shinya Suzuki on Flickr

October 21, 2021

Lottery opens for 138 mixed-income units a block from the Coney Island boardwalk, from $558/month

Here's a chance to live a block from Coney Island's beloved beach and boardwalk of at a discount. A housing lottery launched this week for 138 affordable apartments at a new complex on Surf Avenue and West 20th Street in the Brooklyn neighborhood. Dubbed Raven Hall, the development has on-site laundry, a community center, a fitness center, and a rooftop terrace with ocean views. New Yorkers earning 40, 50, 60, and 100 percent of the area median income can apply for the units, priced from $558/month studios to $2,229/month three-bedrooms.
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Affordable Housing

600-unit final tower of Journal Squared complex breaks ground in Jersey City

Rendering: KRE Group

October 7, 2021

600-unit final tower of Journal Squared complex breaks ground in Jersey City

The final tower of a massive three-building luxury complex in Journal Square broke ground this week, which will eventually add hundreds of apartments to Jersey City's burgeoning residential neighborhood. Dubbed Journal Squared, the development at the intersection of Pavonia and Summit Avenues includes three high-rise rentals, two of which have already opened. This week local officials joined Kushner Real Estate (KRE) Group and National Real Estate Advisors to celebrate the completed leasing of the 704-unit second phase tower and break ground on the third and last tower, a 60-story structure with 600 residences.
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Real Estate Trends

600 affordable homes and new Afro-Latin Music and Arts Center coming to East Harlem

Rendering of Timbale Terrace courtesy of Lantern Organization, Mega Development, Urban Architectural Initiatives, HPD

August 16, 2021

600 affordable homes and new Afro-Latin Music and Arts Center coming to East Harlem

Nearly 600 affordable homes and a new performing arts center are planned for two sites in East Harlem, the New York City Department of Housing and Preservation announced Friday. The projects include a 330-unit residential building with a new arts center for the Afro Latin Jazz Alliance and a 250-unit development that will have an expanded East Harlem Multi-Service Center. The projects are among the first major developments under the East Harlem rezoning, which was approved in 2017.
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283 mixed-income units up for grabs in the South Bronx, from $375/month

Rendering of 1115 Commonwealth Avenue courtesy of NYC Department of Housing Preservation & Development

August 6, 2021

283 mixed-income units up for grabs in the South Bronx, from $375/month