$1.054 billion offer adds more affordable housing than Tishman’s plan. On March 26, 2008, the MTA selected Tishman Speyer to develop the John D. Caemmerer Rail Yards, also known as the Hudson Yards. 5 CityLand 46 (Apr. 15, 2008). But on May 13, 2008, Tishman withdrew its proposal, prompting the MTA to select a proposal submitted by a joint venture between the Related Companies … <Read More>
Council Member Melinda Katz is Chair of the Land Use Committee, a position she has held since 2002, when she was first elected to the City Council. The City’s land use review process requires that almost all major land use initiatives, with few exceptions, pass her desk for review. During her tenure as Chair, Katz “worked as a team” with the Bloomberg administration on the City-initiated rezonings, the largest rezoning initiative since 1961, covering roughly … <Read More>
Proposal would increase fines for illegal conversions of residences into hotels. On December 3, 2007, the City Council’s Committee on Housing and Buildings held a public hearing on a proposal to increase fines on building owners who illegally convert residential units, especially rent-regulated ones, into hotel units.
Council Member Gail Brewer sponsored … <Read More>
Tenants at Stuyvesant Town and Peter Cooper Village claimed that owners covered by rent regulations. Tenants of Stuyvesant Town and Peter Cooper Village sued property owner PCV ST Owner LP and general partner Tishman Speyer Properties, seeking damages for rent overcharges and a declaration that rent regulation should continue as long as the property owner received J-51 tax benefits. The tenants alleged that the owner had deregulated more than 25% of the units … <Read More>
Kent Barwick has a stickball bat hiding in the corner of his office. He swears he does not use it, and who can argue with him? His office is in the Villard Houses in Midtown, and its courtyard is too small for a game. But physical boundaries aside, he would never have the time to show off his skills. Mr. Barwick, a graduate of Syracuse University and a Harvard University Loeb Fellow, is the current … <Read More>
Plan for seven buildings includes Boricua College campus, 679 residential units and over 36,000 sq.ft. of retail. The Department of Housing Preservation and Development proposed to amend the Melrose Commons Urban Renewal Area Plan in the Bronx to facilitate a large, seven building, mixed-use, residential and commercial complex called Boricua Village to be constructed on a 4.2-acre lot in the northeast corner of Melrose Commons.
HPD’s plan called for 18 changes to the existing Melrose … <Read More>