2/2/2024 0 Comments New york highrise city![]() Still, he adds that nearby resources, like public transportation, could feel increased pressure from masses of residents. There’s a chance these huge rentals will decrease density in their immediate vicinity - if they’re higher-income folks with smaller households or younger people without families, says Patrick Lamson-Hall, a research scholar at NYU’s Marron Institute of Urban Management. Sixth Place, and that’s one main reason he notes for developers rushing into the rental scene.īut mega-buildings wielding hundreds of apartments also pack an urban-planning punch. “The population of New York City has expanded in connection with its job growth,” says Jeff Levine, of Douglaston Development, which is behind 2 N. Experts say NYC has added between 50,000 to 60,000 inhabitants annually over the past several years. It’s those fresh-off-the-boat urbanites - from recent grads to retirees - who are growing the city’s population. “Empty nesters, too, are returning to the city.” “The younger generation is more mobile, more comfortable renting and not aspiring to homeownership the same way past generations ,” says Doug Steiner, who’s developing The Hub, a 750-unit building on the rise in Boerum Hill. The Hub in Boerum Hill will offer 750 units. Hordes of tenants also get a sweet deal: new buildings packed with amenities - and no financial commitment. Apartments rent faster than they can sell, and that means steady income for their builders. The activity comes in response to high demand for rentals from both landlords and tenants. The waterfront tower’s 550 pads will go up for rent next March, with studios anticipated to start from $2,400/month. Then there’s Douglaston Development’s 2 N. Rockrose Development reportedly aims for completion next year. ![]() In Long Island City’s Court Square, The Hayden, which will house 974 apartments in a glassy high-rise at 43-25 Hunter St., has topped out. (One of its architects, from the prominent firm SHoP, once likened the design to Beyoncé and Jay Z dancing.) Swim a few laps inside the American Copper Buildings. in Murray Hill, a pair of swooping structures connected by a skybridge, have 761 units. The fall-opening American Copper Buildings at 626 First Ave. More than 10 colossal rentals with 500-plus units - several housing more than 900 apartments - either just opened or are in the development pipeline. In Queens, jumbo-sized Linc LIC leased out all of its 709 apartments two years ago.īut now, the city has reached a tipping point. Since 2008, the twin tops of the 1,359-unit Silver Towers rental have punctuated the sky above Midtown. Bigger is better - even when it comes to New York City’s residential buildings.
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