Results tagged “boom”

The number of residential construction permits issued by the Dept. of Buildings in the first quarter of 2008 declined by 46% from the same period in 2007, indicating that the construction boom that has gripped the city over the last several years may be coming to an end. The decline was citywide, with fewer permits issued in all five boroughs, although the sharpest decrease occurred in the Bronx.

Brownstoner has done the math and concluded that there are a ridiculous number of hotels going up near Brooklyn’s lovely Gowanus Canal. The latest new development will be a nine story Fairfield Inn on Third Avenue between Douglass and Butler streets; construction will begin once existing buildings are torn down. So that makes a future grand total of 7 hotels in the Gowanus neighborhood; three already built and four more on the way.

Photos: Carol Rosegg