NYC EDC and Elected Officials Announce $2.7 Million Renovation of Moore Street Market

$2.7 Million in renovations to enhance facilities at one of Brooklyn’s oldest public markets. On August 20, 2019, New York City Economic Development Corporation (NYCEDC), Council Member Antonio Reynoso and Brooklyn Borough President Eric L. Adams announced $2.7 million dollars of improvements to enhance facilities at one of Brooklyn’s oldest public markets located on Moore Street.


DCP Releases Storefront Vacancy Report

The causes of vacancies vary due to differences in local economies and other community characteristics. On August 8, 2019, the Department of City Planning released “Assessing Storefront Vacancy in NYC”, a report which examines retail patterns and storefront vacancies across 24 different neighborhood shopping corridors around the city.


Mayor de Blasio Announces Citi Bike Expansion Throughout All Boroughs

The Citi Bike expansion will double the current service area by 35 square miles and triple the number of bikes to 40,000. On July 16, 2019, the de Blasio Administration announced Citi Bike’s expansion. Last November, Lyft entered into an agreement with the City to invest $100 million in Citi Bike, which will double the size of Citi Bike’s service area and triple the number of bikes in the program. The expansion will take … <Read More>


City Supports Shared Living Housing

HPD launches ShareNYC, a pilot program to help developers finance affordable co-living housing. Co-living housing units supported by the City are headed for New York. On November 1, 2018, the City’s Department of Housing and Preservation and Development announced ShareNYC, an initiative to encourage the development of affordable, shared housing units on privately owned sites with the support of City funds. Developers will be permitted to enter bids for financing which will be provided through … <Read More>


Lisa Kersavage Appointed Executive Director of Landmarks Preservation Commission

Kersavage will now oversee Landmarks’ operations and work closely with Landmarks Chair to develop policy and strategic planning agency-wide. On March 28, 2019, the Landmarks Preservation Commission announced the appointment of Lisa Kersavage, former Landmarks Director of Special Projects and Strategic Planning, as Executive Director. She succeeded Sarah Carroll, who is now serving as Landmarks’ Chair.


City Planning Approves Second-of-its-Kind Industrial Business Incentive Area Project

The project will provide much needed office space while preserving industrial space that is characteristic of the Greenpoint/Williamsburg area. On December 5, 2018, the City Planning Commission held a public hearing on a proposed mixed-use development at 12 Franklin Street in Greenpoint, Brooklyn, located within the Greenpoint/Williamsburg Industrial Business Zone.  The applicant is proposing to build a seven story, approximately 134,222 square foot building that will contain a mix of light industrial, office, and retail … <Read More>