Cord Meyer Development broke ground on a new residential community at the Bay Terrace Shopping Center in Queens. nyrej.com

NYC is weighing a property-tax break for a proposed $2.7 billion Hudson Yards tower. bloomberg.com

Rockefeller Group filed plans for 340 apartments at 200 West 97th Street on the Upper West Side. commercialobserver.com

Multifamily developers say construction costs have moderated but apartment projects remain financially challenging. multifamilydive.com

Renderings surfaced for a new residential tower at 34 Union Square East in Gramercy Park. newyorkyimby.com

The Landmarks Preservation Commission is set to review a new proposal for 1227 Pacific Street in Crown Heights, Brooklyn. newyorkyimby.com

New permits were filed for a project at 43-27 56th Street in Woodside, Queens. newyorkyimby.com