New Construction

New Developments, real estate trends

551West21 by Norman Foster, Norman foster, 551w21, starchitecture chelsea, foster+partners, 551w21

If the city seems even more like one big construction site than usual, it’s not your imagination. Building permits have risen to an historic peak, up by 156 percent over the last year, the Daily News reports, and an astounding 749 percent over the 2010 post-slump low.

This new high–according to Department of Buildings Data and the New York Building Congress–includes permits for 52,618 new residential units over that time period.

Find out what’s behind the boom

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