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Ten Cool New Buildings Coming to New York in 2024


Alina Prikhodko

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From a new film studio in Queens backed by Robert De Niro to high-rise affordable housing on the site of the World Trade Center, 2024 is shaping up to be another big year for New York City real estate. NY Daily News spoke about 10 projects that will transform the city in the new year.

Fordham Landing

320 West Fordham Road

The developer behind the massive $2,5 billion Harlem River waterfront proposal said construction on the long-awaited first phase would begin in spring 2024. Dynamic Star's Fordham Landing will eventually stretch more than a mile (1,6 km) along the University Heights Bridge. Co-founder Brad Zaxon says they hope to have construction completed in about ten years.

Initially, the three towers south of the bridge will contain more than 500 apartments - 30% of which will be affordable. The separate 23-story, 32-square-foot One Fordham Landing public development will include a new entrance to the University Heights Metro-North station. A 500 square meter public esplanade on the waterfront is also planned.

The second phase on the north side would require rezoning, but would include about nine towers with 2 apartments, according to Zaxon.

Bronx Logistics Center

980 149th East Street

The 120 square meter megaproject in Hunts Point is being called the largest industrial project in the city. Developed by Turnbridge Equities, the 770-hectare Bronx Logistics Center will have two floors with 5,5 square meters of warehouse space and 54 square meters of parking. In addition, more than 348 solar panels will be installed on the building's roof, making it one of the largest private solar projects in New York City.

A representative of the developer company said that the facility will be fully completed in the first quarter of 2024, and that it does not yet have a main tenant.

420 Carroll Street

Few neighborhoods have transformed as much as Gowanus in recent years. The high-rise buildings from developer Domain Companies are the latest to join a growing line of skyscrapers. The 15- and 20-story towers along the Gowanus Canal will feature 360 ​​apartments, 25 percent of which will be affordable. Residents will have access to a lounge, children's playroom, bike storage, 1300 square meters of co-working space and other amenities. There will also be retail and commercial premises and a new 150 meter long public promenade along the canal.

Construction began in 2022, and a developer representative said the first residents will move in sometime in the fall or winter of 2024.

Photo: IStock

505 State Street

The 44-storey tower on Boerum Hill from Alloy Development will have 441 apartments and 2 square meters of retail space. The units range from one-bedroom to three-bedroom units, with 800 of them designed for families earning between 45 and 40 percent of the area median income.

It is part of the first phase of the Alloy Block development, consisting of five new and old buildings that will eventually include two new public schools, offices and retail space. A lottery launched in October for affordable housing at 505 State Street, starting at $763 a month for a one-bedroom apartment. The building is scheduled to open in the spring.

5 World Trade Center

130 Liberty Street

In July, the state approved a plan to build 1200 new apartments at the World Trade Center site, ending years of public negotiations. A third of the apartments will be affordable following intense campaigning by local residents who have pushed for full affordability.

The building is located on the site of the former Deutsche Bank building, which was heavily damaged during the September 11 attacks. Some of the apartments will be intended for New York residents affected by the terrorist attack.

On the subject: Many major roads are planned to be repaired in New York in 2024: list

Once completed, 5 WTC will be one of the largest affordable housing developments in lower Manhattan and the only residential development on the World Trade Center site, the state says. The 900-foot tower is being developed by Brookfield Properties, Silverstein Properties, Omni NY and Dabar Development. A state spokesman confirmed construction would begin before the end of next year.

600 125th West Street

Columbia University's expansion into Harlem has long been a source of controversy among local residents who feel isolated by the new Manhattanville campus. Its latest 34-story building on Broadway—next to the 125th Street elevated station—is slated for completion in 1, with 2024 apartments housing graduate students and faculty.

For years, the site was home to a drive-through McDonald's, but it was demolished in 2019 to make way for a new building. The international chain is expected to return and occupy 460 square meters of retail space on the ground floor.

Photo: IStock

North Cove 3875 Ninth Avenue

Since the neighborhood was rezoned in 2018, Inwood has been hit with a flurry of new projects, and some of the biggest changes are happening at the corner of 207th Street and Ninth Avenue—across the river from another major project, Fordham Landing in the Bronx.

The 30-story North Bay complex will have 611 affordable apartments for families earning between 27 and 110 percent of the area median income. A public park will be built along the embankment of the Harlem River, and in the future, a Food Bazaar retail outlet. Developers Maddd Equities and Joy Construction received $414 million in financing in February and are scheduled to open in June 2024.

Also rising across the street is a giant mixed-income project with nearly 700 apartments at 405 and 407 West 206th Street. It will include a performing arts center and is projected to be completed in 2025.

Wildflower Studios

35-15 19th Avenue

Queens is home to renowned film studios Silvercup and Kaufman, but a development team that includes Robert De Niro is building a new studio in Astoria, Wildflower Studios. The $600 million facility is set to open in June and will have 11 sound stages. The 72 square meter campus will feature a waterfront development and is expected to create more than 000 permanent jobs.

Adam Gordon, managing partner of Wildflower Ltd., said the premises would likely be used primarily for television filming. He expects film production to pick up in the new year after the actors' strike ends. “Demand for movies is through the roof because people want to get back to watching fresh content,” he said.

Baisley Pond Park Residences

144-02 135th Avenue

City officials have struck a deal to redevelop the former JFK Hilton in South Jamaica into affordable housing. This is the first such project under the Housing Our Neighbors with Dignity Act (HONDA) government program. The 318 apartments are designed for low-income and formerly homeless families, and rents range from $784 for a one-bedroom to $1 for a two-bedroom.

The hotel was built in 1987 and is located half a mile from Kennedy Airport. Slate Property Group and RiseBoro Community Partnership bought the property for $64 million and will redevelop it in collaboration with the city. Construction will begin in January and will take 21 months.

Staten island

Staten Island hasn't seen much development, especially compared to other boroughs, but change may finally be coming to the North Shore.

Earlier this year, the city announced it was going to revive a long-delayed plan to transform the waterfront. “Staten Island North Shore Action PlanDeveloped by Mayor Adams, Council Member Camille Hanks and the New York City Economic Development Corporation, it would invest $400 million to “unlock” an 8-hectare area that includes Stapleton, Tompkinsville and St. George. The four-year proposal would create 2400 new housing units, a 600-seat public school and 7500 jobs, city officials said.

In December, EDC launched a competition to build the North Shore entertainment complex next to the St. George Ferry Terminal. Proposals must be submitted by April 8, 2024.

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