Developers The Domain Cos. and Vorea Group announced that 420 Carroll Street, the first development launched after the 2021 Gowanus Neighborhood Rezoning, has commenced leasing.

Today the Domain Companies announced more details regarding Estela, the two-building rental development just one stop away from Harlem, NY. Estela, which has 380 market rates and 164 affordable rental apartments to Mott Haven, is 80 percent leased. This milestone follows a year of leasing, with residents moving in as of May 2023. The Domain Companies provides in-house leasing for Estela, the fastest leasing new development in Mott Haven, from an on-site office.

“Achieving eighty percent leased reflects the vibrant and unique offerings at the two buildings,” said Matt Schwartz, Co-CEO of the Domain Companies.

After the state’s affordable housing policy lapsed last summer, developers went nearly a year without a functioning market for multifamily construction. It wasn’t the only headwind. Still, New York City’s 20 most active developers were building more than 27 million new square feet of real estate, according to The Real Deal’s ranking of active new building filings — a substantial uptick from years past, due partly to approaching deadlines for the lucrative 421a tax abatement.

Chef Shannon Bingham of Devil Moon BBQ and Brewery Saint X turns to a Weber Smokey Mountain at home. “It’s pretty rare that I want to spend all day smoking brisket or pulled pork at home, but when I do, the Smokey Mountain is my go-to cooker,” said Bingham. “It maintains heat super well and burns through wood at a slow and efficient rate so I don’t have to spend all day tinkering with a fire box.”

Construction has topped out on Jasper, a 13-story residential building at 2-33 50th Avenue in the Hunters Point district of Long Island City, Queens. Designed by S9 Architecture and developed by The Domain Companies, LMXD, Bridge Investment Group, and The Vorea Group, the 125-foot-tall structure will span 550,000 square feet and yield 499 units in studio to three-bedroom layouts with 150 reserved for affordable housing, as well as 40,000 square feet of retail space, 503 square feet for a community facility under the Brownfield Award, 111 enclosed parking spaces, and a 30-foot-long rear yard.

Façade installation is making progress on 420 Carroll Street, a two-tower residential complex in Gowanus, Brooklyn. Designed by FXCollaborative and developed by Domain Companies, the project consists of a 20-story, 224-foot-tall tower and a shorter 15-story sibling and will yield 360 units with 25 percent reserved for affordable housing, as well as 27,500 square feet of retail space, 7,700 square feet of “Gowanus Mix” space pursuant to the 82-block district rezoning, and a new public promenade along the Gowanus Canal.

If you’re like a lot of renters hunting in New York City for a new development with all the bells and whistles, the Bronx is probably not your first choice. It may seem too far from Manhattan or you may think rentals there are primarily older buildings. But new development is taking off in a big way in the Mott Haven section of the Bronx and it may be worth a look. New construction rental buildings have amenities similar to what you would find at luxury buildings (like pools, roof decks, gyms and more), with rents lower than what you find for comparable-sized units in Manhattan, Brooklyn, and Queens.

Mott Haven’s new development surge is a result of two rezonings, followed by developers pouring funds into Mott Haven, once largely an industrial area known for making pianos, among other types of light manufacturing. Now Mott Haven leads the city for new housing units.

Facade installation is nearing completion on Domain Companies’ two-tower residential development in Gowanus, Brooklyn. Designed by FXCollaborative, the 15- and 20-story towers feature a gold and dark grey toned metal and floor-to-ceiling glass. When completed, the development will offer 360 residential units, with 25 percent set aside for affordable housing. Residential amenities will include coworking space, a lounge, multiple outdoor spaces, a fitness center, a children’s playroom, and bike storage.

I was born and raised in the Bronx, and the borough’s dynamic character is part of my DNA. Every day, my mom would get up at 4 AM, ready to go for the daily grind. My dad was an auto mechanic, but he also bought, fixed, and resold cars while finding time to run a burgeoning real estate enterprise on the side.