May 14, 2017 Comments Off on Developers Rush to Build in Brooklyn Views: 174 New York News, Outer Boroughs New York

Developers Rush to Build in Brooklyn

Developers have received permits during the first three months of 2017 from city officials in Brooklyn to build 2,097 new units of housing. That’s a third of all the new units that received building permits in New York City in the first quarter.

Manhattan is second with 1,486 units new units permitted in the first quarter, followed by Queens at 1,434, the Bronx at 1,124, and Staten Island with 202 units authorized for construction.

“While Brooklyn remains at the forefront of the residential development wave, it is nice to see such a solid showing in Queens and the Bronx as well,” said Carlo A. Scissura, president and CEO of the New York Building Congress.

The rush of new building permits is a big change from last year.

“It will be interesting to see what type of impact Affordable New York will have on the boroughs moving forward, especially in neighborhoods such as Astoria, where the Durst Organization recently announced it is moving ‘full steam’ ahead with its 2,400-unit Hallets Point project,” said Scissura.

Read More at Building Congress

Connect with the Building Congress’ Scissura

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