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Brooklyn Leads as Stalled Projects Top 500

NEW YORK CITY-The end of November actually showed a smaller tally of idled construction sites than the start of the month, says a Building Congress report.

By Paul Bubny | Updated on December 11, 2009

NEW YORK CITY-Brooklyn, which led the way with the condominium-development boom a few years ago, now has the less-happy distinction of beating out the other boroughs in the number of stalled projects. The borough is home to 237 developments on which work has stopped, or 46% of the total, according to the New York Building Congress.

As of Nov. 29, work had stopped on a total of 515 formerly active construction sites throughout the five boroughs, virtually all of them residential projects, the Building Congress says in an analysis of New York City Department of Buildings inspection records. However, that figure actually represents an improvement from the beginning of the month, in which city records revealed a total of 531 stalled projects. The earlier tally represented a 33% increase over the total of 398 in July, when DOB began tracking the stalled sites, and a 17% gain on September’s tally of 444.

“Earlier this year, we reported on the dearth of applications for permits to begin new residential projects in New York City. Apparently, the economic contagion has now spread to residential projects that were already permitted and where construction already began,” says Building Congress president Richard T. Anderson in the report. “Though the late November numbers offer some encouragement, it is important for government and the development community to continue working together to minimize the immediate environmental and quality-of-life impacts of these stalled projects on the hardest-hit communities.”

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