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.
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
| Mar 19, 2014
Oklahoma City mandates safe rooms in new schools
The move will affect 24 districts that have schools inside Oklahoma City limits.
| Mar 19, 2014
Green building standards can help building become more storm-resistant
Structures built to green standards have added resilience to destructive storms because green buildings are often constructed with stronger, more sustainable materials than traditional buildings.
| Mar 19, 2014
Ohio Senate passes rule to require state agencies use ANSI standards rather than LEED
The resolution specifically mentions LEED v4, and calls for the U.S. Green Building Council to conform to ANSI.
| Mar 19, 2014
Tucson ignores ADA, building code on city-owned property
The city has been operating a downtown dirt parking lot in violation of its own code and the federal law for years.
| Mar 19, 2014
Santa Monica, Calif., may offer LEED alternatives to help promote green construction
With developers in Santa Monica, Calif., looking for ways to build green more inexpensively, the city may consider alternatives to LEED such as Green Globes.
| Mar 18, 2014
Canadian wood industry pushes for ‘wood first’ legislation on mid-rise public projects
The wood lobby is pushing Canadian provinces to pass “wood first” legislation specifying wood framed structures as the default for mid-rise public works projects where warranted.
| Mar 13, 2014
USGBC hits back at Environmental Policy Alliance criticism
The Washington, D.C.-based Environmental Policy Alliance has launched a campaign to make the claim that LEED-certified buildings are less energy efficient than other buildings. In response, USGBC told its members: "Don’t be fooled, the Environmental Policy Alliance isn’t the 'EPA' you might think."
| Mar 13, 2014
North Carolina board recommends switch to six-year code update cycle
In a nine to six vote, the North Carolina State Building Code Council on March 11 approved moving the commercial building code (except for the electrical code) to a six-year cycle for updating instead of a three-year cycle.
| Mar 13, 2014
OSHA’s funding disclosure requirement for those offering silica rule comments draws ire
The Occupational Safety and Health Administration is requiring those who submit comments on the silica rule to disclose their funding sources for their scientific research to avoid conflict of interest.
| Mar 13, 2014
EPA publishes ‘best management practices’ rule on erosion, stormwater at construction sites
The Environmental Protection Agency published a new rule this month that will require the construction, housing, and utility sectors to carry out "best management practices" in order to prevent erosion and harmful stormwater discharges at construction sites.
