Council Members Denounce HPD Efforts Against Predatory Equity

City Council Members seek to strengthen tenant protections from predatory equity landlords. On October 31, 2016, City Council’s Committee on Housing and Buildings held a five-hour public hearing on a complement of five bills, two of which related to predatory equity.

Since the mid-2000s and largely due to the housing bubble, predatory equity has become a metastasis on the New York City housing market. The predatory equity get-rich-scheme works as thus: private investment money is … <Read More>


157-Building District South of Washington Square Park Enters Designation Process

Originally developed as a residential rowhouse neighborhood, district grew to a mixed-use working class community in the early 20th century. At its meeting on November 1, 2016, the Landmarks Preservation Commission voted to add the Sullivan-Thompson Historic District to its calendar, formally commencing the designation process. The proposed district is composed of approximately 157 buildings south of Washington Square Park and east of Seventh Avenue. It would adjoin the existing SoHo-Cast Iron Historic District<Read More>


Subcommittee Coaxes Upfront Commitment for $100 Million Out of Developer for Trust

Council Member Corey Johnson still feels hesitant about proposed St. John’s Terminal development and seeks more concessions by the developer. On November 1, 2016, the City Council’s Subcommittee on Zoning and Franchises held a public hearing on the proposed 550 Washington Street rezoning and redevelopment, and the creation of a special district in Manhattan’s Greenwich Village. The proposed development would create three separate city blocks for five separate buildings which would include four mixed-use buildings … <Read More>



City Council Subcommittee Chided EDC over Downtown Brooklyn Development [UPDATE: Committee Approves Application With Conditions]

Subcommittee raised concerns about the aggregate effect the mass development of Downtown Brooklyn will have on school resources. On October 5, 2016, the City Council’s Subcommittee on Zoning and Franchises heard testimony on an application to construct a new 49-story mixed-use building at 141 Willoughby Street in Downtown Brooklyn. The site is a triangular-shaped zoning lot bounded by Flatbush Avenue Extension, Willoughby Street and Gold Street. Currently the space is occupied by a three-story private … <Read More>


City Council Committee Searches for Green Roof Standards and Impetus

City Council’s good faith attempt to provide standards for green roofs falls short. On October 28, 2016, the City Council’s Committee on Environmental Protection held a hearing regarding Introduction 0835-2015, which would amend the building code to establish standards for the selection, installation and maintenance of plants for green roof systems. The proposed legislation would incorporate into the building code a manual by the American Society for Testing and Materials, ASTM E 2400, which … <Read More>