Search Results for: planned residential development

August 5, 2025

The rise of the next Williamsburg: How Gowanus went from eyesore to eye-popping prices

It’s been 20 years since The New York Times reported that city officials voted "to let developers turn the decaying north Brooklyn waterfront, with its relics of Brooklyn's industrial past, into a neighborhood of residential towers with a parklike esplanade along the East River." In the two decades since, this version of Williamsburg was replaced by the first generation of "hipsters," glassy condo towers with Manhattan views, and throngs of Manhattanites crowding the L train to hit up Union Pool and Maison Premiere. Now, a new rezoning is putting another Brooklyn neighborhood on the same path. This time, the waterfront is the once-toxic Superfund-designated Gowanus Canal.
there goes gowanus?

Developer wants to build huge South Bronx project with more than 1,100 affordable apartments

Credit: Aufgang Architects

July 23, 2025

Developer wants to build huge South Bronx project with more than 1,100 affordable apartments

By Aaron Ginsburg

The developer behind the redevelopment of the historic Kingsbridge Armory and other major Bronx projects wants to rezone a large site in the borough to allow for a pair of mixed-use towers with over 1,000 affordable apartments. Last week, William Bollinger, a development consultant with Maddd Equities, filed a rezoning application with the Department of City Planning (DCP) for 1014 Brook Avenue in Morrisania. The 1.2 million-square-foot project includes 1,128 affordable units across 22- and 26-story towers. As first reported by Crain's, the rezoning would permit both residential and manufacturing uses, as the site currently allows manufacturing only.
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July 9, 2025

The 8 casino proposals competing for a downstate New York gaming license

By Aaron Ginsburg

Since New York approved three downstate casino licenses in 2023, some of the city's top developers have rushed to unveil grand proposals. Backed by billion-dollar budgets and celebrity partners, many of these bids have added affordable housing, transit upgrades, and public green space to help them stand out. Ahead, find an overview of the eight projects vying for one of the licenses, which will be awarded by the state by the end of the year.
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Policy

June 3, 2025

Brooklyn Heights’ iconic Hotel Bossert sells for $100M, to become apartments

By Aaron Ginsburg

A historic Brooklyn Heights hotel once dubbed the "Waldorf-Astoria of Brooklyn" has sold for $100 million, with plans to convert the storied property into residences. The iconic Hotel Bossert, located at 98 Montague Street, was acquired by real estate investment and development firm SomeraRoad, according to city records registered Wednesday and first reported by Crain's. In a statement to the Brooklyn Daily Eagle, the firm said it "plans to honor the property’s rich history and to restore and reopen the building as residences."
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Real Estate Trends

Related drops casino from Hudson Yards plan, but keeps proposal for 4,000 new homes

Renderings courtesy of Related Companies and Wynn Resorts

May 20, 2025

Related drops casino from Hudson Yards plan, but keeps proposal for 4,000 new homes

By Aaron Ginsburg

Related Companies is dropping the casino from its project proposed for the undeveloped section of Hudson Yards, the developer announced Monday. In partnership with Wynn Resorts, Related previously pitched a $12 billion mixed-use development anchored by a casino, dubbed "Hudson Yards West," as part of its bid for one of the state's three downstate gaming licenses. Due to opposition from the community and local elected officials, Related and Wynn announced they would no longer pursue a gaming license. However, the developer plans to move forward with a plan to build 4,000 apartments, nearly 50 percent of which will be affordable under a tentative agreement with the Adams administration.
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Policy

Vacant parking lot in Harlem to become 75 apartments

Credit: Haussmann Development

May 14, 2025

Vacant parking lot in Harlem to become 75 apartments

By Aaron Ginsburg

A vacant parking lot in Harlem will soon become a residential building. Haussmann Development on Monday announced it closed on a land purchase at 16–20 Convent Avenue for $7.5 million. Haussmann plans to build a 10-story residential building with 75 one- and two-bedroom apartments, including 15 affordable units for households earning 60 percent of the area median income.
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Affordable Housing

Proposed Freedom Plaza casino complex next to U.N. reveals waterfront public park

Renderings courtesy of OJB Landscape Architecture

March 21, 2025

Proposed Freedom Plaza casino complex next to U.N. reveals waterfront public park

By Aaron Ginsburg

Newly released renderings offer a closer look at a public waterfront park planned alongside a proposed casino complex near the United Nations. Unveiled on Thursday, the new video and imagery showcase the nearly 5-acre public park planned as part of Soloviev Group's proposed Freedom Plaza casino project. Designed by OJB Landscape Architects, the green space would feature an 18,000-square-foot central lawn, 1.2 miles of accessible pathways, a children's play area, an amphitheater, scenic overlooks, and more.
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NYC’s plan to rezone Jamaica calls for 12,000 new homes

Jamaica Avenue and 165th Street. All images courtesy of DCP

March 20, 2025

NYC’s plan to rezone Jamaica calls for 12,000 new homes

By Aaron Ginsburg

New York City is moving forward with a new rezoning initiative that could bring more than 12,000 new homes to downtown Jamaica, Queens. On Thursday, the Department of City Planning (DCP) began the approval process for the plan, which looks to rezone about 300 blocks in the neighborhood to allow for thousands of new homes, including 4,000 units that would be income-restricted. If approved, the rezoning would create the city's largest Mandatory Inclusionary Housing area, add two million square feet of commercial space, and generate more than 7,000 new jobs, according to the Queens Eagle.
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Time Out to open new food hall in Union Square this fall

Credit: Filip Wolak

March 7, 2025

Time Out to open new food hall in Union Square this fall

By Aaron Ginsburg

Time Out is opening its second food hall in New York City this fall. Set to occupy the ground floor of Union Square's Zero Irving tech hub, the 10,000-square-foot Time Out Market will feature a curated selection of the city's premier culinary and cultural experiences. The 300-seat space will include seven kitchens, a fully stocked bar, an outdoor terrace, and a stage for live performances by local artists, according to Time Out.
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Food & Dining

Coney Island West plan calls for 1,500 new homes, boardwalk upgrades

Renderings courtesy of ONE Architecture & Urbanism

February 20, 2025

Coney Island West plan calls for 1,500 new homes, boardwalk upgrades

By Devin Gannon

The city is moving ahead with a plan to bring thousands of mixed-income homes, new retail, and boardwalk and street improvements to Coney Island. Mayor Eric Adams and the city's Economic Development Corporation on Thursday released their vision for "Coney Island West," a waterfront development area west of the Amusement District. On Thursday the city issued a request for proposals for the first city-owned parcel, kicking off the development of 1,500 new homes.
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Adams sets goal of 100K new homes in Manhattan over the next decade

Credit: Michael Appleton/Mayoral Photography Office on Flickr

January 9, 2025

Adams sets goal of 100K new homes in Manhattan over the next decade

By Aaron Ginsburg

To further address New York City's critical housing shortage, Mayor Eric Adams has set an ambitious target of adding 100,000 new homes to Manhattan over the next decade. During his 2025 State of the City address on Thursday, the mayor said he aims to review zoning across the borough to unlock potential housing sites for development, using the tools included in the recently passed "City of Yes for Housing Opportunity." Dubbed the "Manhattan Plan," the new initiative includes the Midtown South rezoning, which is expected to create 10,000 new homes.
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Policy

Updated Midtown South rezoning plan could create nearly 10,000 new homes

8th Avenue below 40th Street. Photo © Ondel Hylton

November 1, 2024

Updated Midtown South rezoning plan could create nearly 10,000 new homes

By Aaron Ginsburg

New zoning tools will allow the city to build bigger apartment buildings in Midtown Manhattan, doubling the new housing units permitted under a proposed rezoning. The Department of City Planning on Thursday released an updated draft of the Midtown South rezoning plan to incorporate floor area ratio (FAR) caps of 15 to 18, enabled by the state's recent repeal of the 12 FAR cap. This change allows larger developments and roughly 9,700 new homes, up from a previous estimate of 4,000, in a 42-block area of Midtown where housing development has been largely prohibited.
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Crown Heights project near Brooklyn Botanic Garden may be scrapped despite city approval

Franklin Avenue looking north toward Montgomery Avenue and 54 Crown Street. Photo © 6sqft

September 24, 2024

Crown Heights project near Brooklyn Botanic Garden may be scrapped despite city approval

By Aaron Ginsburg

After securing a key approval from the city after years of delays, the developer behind a controversial residential project near the Brooklyn Botanic Garden said they plan to withdraw the application. The City Planning Commission (CPC) on Monday voted to approve a modified rezoning of 962-972 Franklin Avenue in Crown Heights that would result in fewer shadows cast on the garden from a new 14-story building developed by Continuum Company. But despite the approval, an attorney for Continuum's Ian Bruce Eicher told The Real Deal the group plans to withdraw the application because the modifications make the project impossible to finance.
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NYC Council approves East Bronx rezoning that will add 7,000 new homes

An illustration of the rezoning’s potential effects along Eastchester Road. Image courtesy of DCP.

August 16, 2024

NYC Council approves East Bronx rezoning that will add 7,000 new homes

By Aaron Ginsburg

The New York City Council on Thursday approved a major rezoning that will bring thousands of homes and $500 million in investments to the East Bronx. The Bronx Metro-North Station Area Plan targets 46 blocks around four new Metro-North stations planned for Co-op City, Hunts Point, Morris Park, and Parkchester/Van Nest. The rezoning, which includes over a million square feet of commercial space and retail space, and 10,000 new permanent jobs, is the first approved under Mayor Eric Adams.
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First project under Gowanus rezoning launches leasing for luxury apartments

Renderings courtesy of VUW

July 22, 2024

First project under Gowanus rezoning launches leasing for luxury apartments

By Devin Gannon

The first project developed under the Gowanus rezoning has launched leasing. Developed by Domain Companies and VOREA Group, 420 Carroll consists of a 21-story tower and a 16-story tower connected by an underground tunnel. Situated on the Gowanus Canal, the development includes 360 apartments, with market-rate rentals currently priced from $3,925/month for studios to $9,600/month for three bedrooms. Approved by the city in 2021, the rezoning upzoned 82 blocks of the neighborhood to create 8,500 units of housing and new open space.
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New Developments

Bronx Metro-North station rezoning plan approved by City Planning Commission

View looking north along East Tremont Avenue near Leland Avenue. Images courtesy of DCP.

July 2, 2024

Bronx Metro-North station rezoning plan approved by City Planning Commission

By Aaron Ginsburg

A plan to bring thousands of new homes and jobs around new Metro-North stations in the East Bronx is moving forward. The City Planning Commission last week voted to approve the Bronx Metro-North Station Area Plan, a rezoning effort targeting the areas around four new Metro-North stations to create roughly 7,500 new homes, 10,000 jobs, improvements to public space, and neighborhood amenities. The plan heads next to the City Council for a final vote sometime this summer.
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First major exhibit dedicated to Shirley Chisholm opening at Museum of the City of New York

Chisholm on the Congressional Rules Committee, A. Dev O’Neill and K. Jewell, 1970s, Reproduction, Special Collections and University Archives, Rutgers University Libraries

June 5, 2024

First major exhibit dedicated to Shirley Chisholm opening at Museum of the City of New York

By Aaron Ginsburg

A new exhibition at the Museum of the City of New York honors the life and legacy of pioneering politician and Brooklyn native Shirley Chisholm. Opening on June 14, "Changing the Face of Democracy: Shirley Chisholm at 100" is the first-ever major museum presentation dedicated to Chisholm; it coincides with the 100th anniversary of her birth. Located on the museum's second-floor North Gallery, the exhibition explores the life of the late trailblazer, the first Black woman elected to Congress, through historical artifacts, photographs, art, and archival footage.
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Events & Things To Do

289-unit condo proposed for Crown Heights site next to Brooklyn Botanic Garden

960 Franklin Avenue. Street View 2024 © Google

May 6, 2024

289-unit condo proposed for Crown Heights site next to Brooklyn Botanic Garden

By Aaron Ginsburg

A Crown Heights property that has seen several development proposals over the years traded hands again. A limited liability company tied to Yitzchok Schwartz's YS Developers paid $64 million for 960 Franklin Avenue, which sits a block from the Brooklyn Botanic Garden and is home to a former spice factory, as The Real Deal reported. YS Developers acquired the site from Isaac Hager and Daryl Hagler and on Friday filed plans for a seven-story residential building with 289 condos. A previous plan that called for two 34-story towers with over 1,500 apartments was successfully stopped by the Brooklyn Botanic Garden and local residents, who feared the high-rises would block sunlight to its nearby greenhouses.
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New Developments

New maps show which NYC neighborhoods build the most housing

Image courtesy of Joshua Armstrong on Unsplash

April 25, 2024

New maps show which NYC neighborhoods build the most housing

By Aaron Ginsburg

Amid a housing shortage, only a few New York City neighborhoods are building the majority of new housing. The Department of City Planning on Thursday released two new interactive map tools illustrating where new housing is being permitted and built across the five boroughs by looking at City Council districts, community districts, and neighborhood tabulation areas (NTAs). According to the housing database, development is concentrated in only a few areas: 10 of the city's 59 community districts saw as much new housing built as the other 49.
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ODA-designed Crown Heights rental with 328 apartments secures $135M in financing

Rendering courtesy of ODA Architecture

March 26, 2024

ODA-designed Crown Heights rental with 328 apartments secures $135M in financing

By Devin Gannon

The Crown Heights rental development that drew the ire of residents for replacing an Associated Supermarket is moving forward. The Hudson Companies on Monday announced it closed on $135 million in financing for the mixed-use project at 975 Nostrand Avenue, a new nine-story development with 328 apartments. As part of a deal reached in 2021, a grocery store run by the same manager of the previous store will take up about 20,000 square feet at the new building.
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New Developments

March 19, 2024

Lottery opens for 155 affordable apartments in Far Rockaway, from $410/month

By Aaron Ginsburg

A housing lottery opened this week for 155 apartments at a new 100 percent affordable development in Far Rockaway. The building at 1605 Village Lane is the fourth phase of Rockaway Village Apartments, a sprawling housing project with 1,700 apartments connected by several public plazas. New Yorkers earning 30, 50, 60, and 80 percent of the area median income, or between $17,006 for a single person and $140,080 for a household of seven, can apply for the units, priced from $410/month studios to $2,035/month three bedrooms.
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Affordable Housing

Focus on 57th Street: Manhattan real estate insiders Leslie Hirsch and Howard Morrel chart the rise of Billionaires’ Row

Photo by Martti Salmi on Unsplash

March 13, 2024

Focus on 57th Street: Manhattan real estate insiders Leslie Hirsch and Howard Morrel chart the rise of Billionaires’ Row

By Michelle Cohen

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

By Aaron Ginsburg

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

By Aaron Ginsburg

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

By Michelle Cohen

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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