Downtown Brooklyn is experiencing a significant residential development boom with over 1,300 new units planned across nine projects from June 2024 to June 2025. A standout project is the 63-story, 583-unit building at 376 Schermerhorn St., developed by Alloy Development. While Brooklyn leads the city in new permits, the Bronx is set to have the highest total units with 7,200 planned. This surge in activity reflects the increasing demand for urban housing within New York City neighborhoods.
Downtown Brooklyn is on track to add over 1,300 residential units across nine projects, making it a leading neighborhood in new construction permits filed in 2024.
Alloy Development is spearheading the boom with the impressive 63-story building at 376 Schermerhorn St., consisting of 583 residential units.
This residential surge in Brooklyn is significant, despite the Bronx leading overall with 7,200 units planned, showcasing the competitive landscape of New York City's housing market.
The new permits filed indicate a vibrant phase of development in Brooklyn, reflecting growing demand for housing in urban neighborhoods, driven by both developers and residents.
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