22,000 New Apartments Coming to Northern Brooklyn by 2019

Posted On Tue, August 18, 2015 By

Posted On Tue, August 18, 2015 By In Brooklyn, real estate trends

Google Earth rendering of the new residential buildings going up in Downtown Brooklyn, via CityRealty

We recently reported that New York City was entering its biggest building boom since 1963. Building permits rose 156 percent over the last year, accounting for 52,618 new residential units. If that number seems large to you, keep in mind it’s spread over the five boroughs, including the supertall towers of Manhattan. But a new report from CityRealty shows that northern Brooklyn alone with get 22,000 new apartments over the next four years.

According to the report, which only looked at buildings with 20 or more units, “around 2,700 new units are expected to be delivered in 2015. That number will nearly double in 2016, when approximately 5,000 apartments will be ready for occupancy.” The majority of these units, 29 percent or 6,412 apartments, will come to Downtown Brooklyn, followed by Williamsburg with 20 percent or 4,341 units.

affordable housing, boardwalk, Domino Culture Factory, Dominos Sugar Redevelopment Plans, Ferry Stops, Gentrification in Williamsburg, green energy, green energy technologies, green roof, green space, HAO, Historic Domino Sugar Factory, Holm Architecture Office, Marina, Mixed Use Spaces, museum, new york landmarks, public space, SHOP architects, Two Trees Management Company, waterfront developments, Where is the New Domino Sugar Building, Williamsburg, New York City Planning Commission, Mayor Bill de Blasio, Bill de Blasio, SHoP Architects, Williamsburg, Williamsburg waterfront
Domino Sugar rendering via SHoP Architects

Rheingold Brewery, 10 Monteith Street, ODA New York, Rabsky Group, Bushwick developmentRheingold Brewery via ODA Architecture

The biggest developments coming to the borough are Pacific Park (formerly known as Atlantic Yards) in Prospect Heights, which will have 6,430 units spread across 14 buildings; Greenpoint Landing, a development of ten buildings offering 5,500 units; and the Domino Sugar Factory, which will bring five buildings and 2,300 units to the Williamsburg waterfront. The others that follow are City Point (1,900 units) in Downtown Brooklyn, Rheingold Brewery (970 units) in Bushwick, and 420-430 Kent Avenue (856 units) in Williamsburg.

Brooklyn building boom, new construction Brooklyn

Read the full report at CityRealty >>

RELATED:

Tags : , , , , ,

MOST RECENT ARTICLES

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.