JPMorgan Chase intends to pursue building a new 2.5 million-square-foot headquarters at its 270 Park Avenue location. On February 21, 2018, Mayor Bill de Blasio and JP Morgan Chase Chairman and CEO Jamie Dimon announced the construction of a new 2.5 million-square-foot headquarters at its 270 Park Avenue location in Manhattan, which will be the first project under the City’s innovative East Midtown Rezoning plan passed in 2017. Under the East Midtown rezoning, JPMorgan Chase … <Read More>
Search Results for: Infrastructure
$200 Million for New Boilers and Heating Systems Upgrade For NYCHA Developments
A $200 million investment will be used to replace boilers and upgrade heating systems at 20 NYCHA developments. On January 31, 2018, Mayor de Blasio announced the investment aimed at assisting NYCHA developments experiencing chronic outages. The $200 million investment is part of the Mayor’s investment in NYCHA including $2.1 billion in capital infrastructure and $1.6 billion in operating funds. The upgrades are expected to save NYCHA approximately $5 million per year in energy costs.
$13 Million Investment for Heating Emergencies in NYCHA Buildings
Facing the recent below-freezing temperatures, Mayor Bill de Blasio has committed to help with NYCHA’s response to heating emergencies and failing equipment with a substantial investment. On January 18, 2018, Mayor de Blasio announced a $13 million investment to assist the New York City Housing Authority response to heating outages and replace equipment. The investment will allow NYCHA to replace malfunctioning boiler systems, acquire mobile boilers for emergencies, hire repair staff, and repair windows to … <Read More>
Mayor de Blasio Delivers State of the City Address
Affordable housing issues, including rent-regulation, mandatory inclusionary zoning, and more were highlighted in the speech. On February 3, 2015 Mayor Bill de Blasio delivered his second State Of The City address from Baruch College. The Mayor spoke at length about the affordable housing crisis facing New York City and the programs his administration has begun or will propose to address the problem.