Planned multifamily housing units filed with the New York City Department of Buildings reached a 12-year high in March, with Midtown West\u2019s Hudson Yards and Manhattan\u2019s Garment District hosting the largest projects.<\/p>\n
Developers filed plans for a total of 11,984 apartments last month, according to a PincusCo<\/a> analysis. That includes 11,189 units across 137 new building applications and 795 units in 14 conversion projects.\u00a0<\/p>\n SEE ALSO: In Albany, Taxes and Red Tape Seize Spotlight in Addressing Housing Crisis<\/a><\/p>\n The nearly 12,000-unit surge represents the second-highest number of planned units filed in 20 years. The month stands second only to September 2014, when 13,189 planned units were filed with the DOB.<\/p>\n The near-record number represents only planned units, however \u2014 an important caveat, as some development plans are abandoned, refiled or ultimately realized with a different number of units.<\/p>\n Two developer submissions took center stage in the month\u2019s applications, namely Hudson Boulevard Collective\u2019s Hudson Yards projects at 548 West 36th Street and 550 West 36th Street, plus a Vornado Realty Trust<\/a> mixed-use residential tower at 484 Eighth Avenue.\u00a0<\/p>\n Hudson Boulevard Collective was formed as a partnership involving BRP Companies<\/a>, BXP<\/a> (formerly Boston Properties), the Moinian Group and Urbane Development<\/a>. New York Gov. Kathy Hochul announced in late 2024<\/a> that the partnership was selected to develop Hudson Yards\u2019 Site K, a state-owned vacant lot adjacent to the Jacob K. Javits Convention Center.<\/p>\n David Linehan, pre-development and development manager at Moinian Group, was listed as the project owner on the March filing. Plans at 548 West 36th Street include a 1,458-unit mixed-use residential development with affordable housing. The plan marks the project with the largest number of units applied for in March.\u00a0<\/p>\n The residential project is slated to rise 70 stories and 954,989 square feet, according to the filing. Listed floors are largely identified as apartments, while others are planned for a museum, a health club and offices.\u00a0<\/p>\n The project was submitted last month alongside Hudson Boulevard Collective\u2019s plans for a 300-unit hotel at 550 West 36th Street.\u00a0<\/p>\n A 481-unit development at Vornado\u2019s 484 Eighth Avenue site in the Garment District was the second-largest application by units. The mixed-use residential project, planned across 38 stories and 311,864 square feet, was submitted under David Bellman, executive vice president of design and construction at Vornado.<\/p>\n Moinian and Vornado could not be immediately reached for comment.<\/p>\n Emily Davis can be reached at edavis@commercialobserver.com.<\/p>\n","protected":false},"excerpt":{"rendered":"Planned multifamily housing units filed with the New York City Department of Buildings reached a 12-year high in…\n","protected":false},"author":2,"featured_media":184722,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[74282,74283,74284,1527,74285,74286,2184,426,9,43047,56,63,65,64],"class_list":{"0":"post-184721","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-484-eighth-avenue","9":"tag-548-west-36th-street","10":"tag-550-west-36th-street","11":"tag-construction","12":"tag-david-bellman","13":"tag-david-linehan","14":"tag-development","15":"tag-kathy-hochul","16":"tag-new-york","17":"tag-new-york-city-department-of-buildings-channel","18":"tag-ny","19":"tag-nyc","20":"tag-nyc-headlines","21":"tag-nyc-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/184721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=184721"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/184721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/184722"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=184721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=184721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=184721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}