It’s still a long way to Mayor Bill de Blasio’s goal of creating or preserving 200, 000 affordable housing units by 2025, but the city’s developers did their part in October. Affordable housing projects dominated last month’s largest permits, with Monadnock Construction’s 1903 West Farms Road in the Bronx and a city project developed by Acacia Networks at 413 East 120th Street in East Harlem leading the way.
Another theme this month was relatively low-rise structures. Just one of the top 10 projects is planned to stand taller than 20 stories, Fortuna Realty’s future hotel at 1150 Sixth Avenue in Midtown. Total floor space at the projects was still high however, with all 10 permits clearing 100, 000 square feet. (more…)