In the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on New York City, LE states that New York City has a total of 155 projects/26,605 rooms in the construction pipeline, one of the top three largest pipelines in the U.S. Of this total, hotels presently under construction are at 102 projects/17,504 rooms, projects scheduled to start construction in the next 12 months are at 23 projects/3,637 rooms, and those in early planning are at 30 projects/5,464 rooms.
The three market tracts with the largest hotel construction pipelines are: Midtown South, the area between 24th and 36th Streets, with 33 projects/7,620 rooms; the greater New York City Area, which includes Brooklyn, the Bronx, and Staten Island, with 28 projects/2,436 rooms; and the East River area, which includes Queens and Brooklyn West, with 27 projects/4,499 rooms. These three important market tracts combined account for 55% of the rooms in New York City’s total construction pipeline.Â
The market tracts with the most projects presently under construction are Midtown South with 25 projects/6,012; the East River area with 18 projects/2,925 rooms; and JFK/Jamaica, which includes the area of Queens from the Grand Central Parkway south, the JFK Airport area and Jamaica, with 15 projects/2,055 rooms.
LE’s forecast for new hotel openings predicts that New York City will lead the nation for new hotel openings in 2019 with 41 projects/6,809 rooms. In 2020, New York is again forecast to top the list of new hotel openings with 61 projects/8,283.
Related Stories
| Apr 10, 2014
New California energy code requires building systems to be ready for demand response energy management
Starting in June, California’s latest version of its Title 24 building code kicks in, requiring several systems come with demand response capability.
| Apr 4, 2014
Green Building Initiative moves to include locally sourced materials in Green Globes
The Green Building Initiative group based in Portland, Ore., met with the Department of Agriculture on a plan to include locally sourced materials in its green building standards.
| Apr 4, 2014
White roofs outperform green roofs in reducing heat-island effect, says Lawrence Berkeley Lab
A new report from LBNL says that white roofs are three times more effective than green roofs at “cooling the globe.”
| Apr 4, 2014
ASHRAE standard aims for consistency in measuring building energy use
The standard answers such questions as: Should the measurements of a building’s area used in the equation to derive energy use per square foot be taken from the exterior dimensions or to the centerline of the wall? And, should storage spaces be included even though they are unoccupied?
| Apr 4, 2014
Cleveland’s sewer authority to pay developers for green solutions to stormwater runoff
The district’s intent to use natural features to absorb stormwater reflects an urban trend that other cities including Philadelphia and Detroit have embraced.
| Mar 30, 2014
Solar panels on Big Ben intended to spur U.K.’s sustainability targets
Solar panels may soon be installed on the face of Big Ben in London as part of the U.K.'s initiatives to reach its greenhouse gas emissions objectives under the Climate Change Act of 2008.Â
| Mar 26, 2014
EPA clarifies Clean Water Act in revision that was opposed by developers
The Environmental Protection Agency recently unveiled a rule designed to define more clearly which waterways are covered by the Clean Water Act and therefore require U.S. permits for certain activities.
| Mar 26, 2014
Better Buildings Initiative leading to tens of millions of dollars in savings annually, says DOE
Facilities across the nation have been able to shave on average about 2.5% of their annual utility costs through efficiency initiatives spurred by the federal Better Buildings Initiative, according to the Department of Energy’s Maria Vargas.
| Mar 26, 2014
Univ. of Nebraska-Omaha fire could prompt building code changes
A dormitory fire at the University of Nebraska at Omaha that displaced with 42 students (but caused no injuries) could trigger local building code changes.
| Mar 26, 2014
Associated Builders and Contractors wary of federal overtime rules changes
Associated Builders and Contractors (ABC) cautioned that President Obama’s directive to the U.S. Department of Labor to change federal overtime rules could harm its members.