Developer vanishes with $4 million, mortgage applications hit record low, & more

By Emily Myers | July 21, 2022 - 10:30AM

Emily Myers for Brick Underground 

A Brooklyn developer—Xi Hui "Steven" Wu—is accused of disappearing with $4 million in deposits from condo buyers at 345 Ovington Ave., in Bay Ridge (New York Post)

Construction starts on the Mount Hope Walton Apartments, a $55 million low-income housing development in the Bronx with 103 affordable apartments and a community gym (press release)

Demand for new mortgages continues to crater, hitting a 22 year low (The Real Deal)

Mayor Eric Adams estimates 2,500 Latin American immigrants entered New York City's homeless shelters in recent months (The City)

A Brooklyn judge throws out a lawsuit trying to overturn the Gowanus rezoning (Brooklyn Paper)

Check out one of the city's 550 cooling centers where you can escape the heat for free (Gothamist)

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.