Manhattan Building Applications Dwindle… To Three

From The Real Deal: "There were just three new building permit applications filed for Manhattan construction projects in September — the lowest number since September 2001, when only a single application was filed. The three applications — which represent an 87 percent drop from the 23 filed in the same month last year — were for buildings in Chelsea, the East Village and Harlem. In August there were eight applications for buildings in Manhattan, according to Department of Buildings records."