How “doomed” is New York City due to the prevalence of remote work and its impact on commercial real estate values? Experts discussed the city’s fiscal outlook during a recent panel discussion, “How Doomed is the Loop?,” hosted by the Center for New York City Law at New York Law School. The January 25th panel was moderated by Mark Willis, Senior Policy Fellow at the NYU Furman Center for Real Estate and Urban Policy and … <Read More>
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City Planning Commission Certifies, Starts Public Review Process for Bronx Metro-North Station Area
On January 22, 2024, the City Planning Commission launched the public review of the Bronx Metro-North Station Area Plan. The plan compliments the development of four new Metro-North stations along the East Bronx in Parkchester/Van Nest, Morris Park, Hunts Point, and Co-Op City. The stations will be added to the New Haven line and are expected to open in 2027.
City Planning Hears Application for Mixed-Use Commercial, Manufacturing and Residential Development in Crown Heights
On November 15, 2023, the City Planning Commission held a public hearing for a rezoning application at 962 Pacific Street in Crown Heights. The applicant seeks to rezone the lot bound by Pacific Street to the north, Classon Avenue to the east, Dean Street to the south, and Grand Avenue to the west. The rezoning would enable the development of a mixed-use residential, commercial, and community space. The proposed site is currently a vacant lot.
City Awarded $15 Million in Federal Funding to Plant and Maintain City Trees
On September 26, 2023, Mayor Eric Adams and Parks Commissioner Sue Donoghue announced that the U.S. Department of Agriculture Forest Service awarded $15 million to the City to plant and maintain the City’s trees.
City Council Passes Bill to Help One- to Three-Family Property Owners Build Environmentally Friendly Projects
On August 3, 2023, the City Council voted to pass Int. 689-A, which reduces financial barriers in building environmentally-friendly homes. The bill was co-sponsored by Public Advocate Jumaane Williams and Council Member Sandy Nurse.
Mayor Signs Executive Order to Enhance M/WBE Program Outcomes
On August 8, 2023, Mayor Eric Adams signed Executive Order 34 as part of his ongoing commitment to the Minority and Women-Owned Business Enterprise (M/WBE) Program, which expands opportunities for minority and women entrepreneurs to access government contracts and grow their businesses.