On March 3, 2023, New York City Mayor Eric Adams, New York City Economic Development Corporation, and Brooklyn Navy Yard Development Corporation announced the City will open a new sustainability-focused biotechnology center at the Brooklyn Navy Yard. The $20 million center will open in 2025 and be the first commercial center for sustainable biotechnology development in the United States. More than 400 jobs will be created and supported through the center’s office spaces, research laboratories, … <Read More>
Search Results for: Office and Commercial Spaces
New Hudson Square Business Improvement District Streetscape Unveiled
Hudson Square Business Improvement District was unveiled, marking the completion of the Business Improvement District’s 10-year Master Plan. On July 12, 2022, Mayor Eric Adams alongside the New York City Economic Development Corporation (NYCEDC), the New York City Department of Transportation (DOT), and the Hudson Square Business Improvement District (BID), unveiled the renovated Hudson Street streetscape, marking the completion of the Business Improvement District’s first 10-year Master Plan, Hudson Square is Now, which was … <Read More>
Zoning for Economic Opportunity Aims to Remove Zoning Obstacles for Certain Types of Businesses
On Wednesday, June 1, Mayor Eric Adams outlined his, “City of Yes” initiative. This initiative is the next phase of his, “Rebuild, Renew, Reinvent,” plan to stimulate recovery from the COVID-19 pandemic. “City of Yes,” is built around a series of three as-yet-unwritten zoning text amendments to modernize and simplify zoning resolutions to encourage business growth, stimulate housing creation, and reduce the city’s carbon footprint.
Zoning for Housing Opportunity Amendment Aims to Address City’s Housing Shortage
Still in its early stages, Mayor Adams’ proposed zoning text amendment aims to increase affordable housing in the city. On June 1, 2022, Mayor Adams announced his “City of Yes” plan consisting of three citywide zoning text amendments. One of these initiatives, “Zoning for Housing Opportunity,” addresses the city’s housing shortage. Although the text amendment has not yet been drafted, Mayor Adams listed four key housing proposals in his announcement.
Governor Signs Hotel Conversion Bill to Create More Opportunities for Permanent Housing
The new legislation allows hotels to house residents on a more permanent basis, specifically addressing the lack of available housing in New York City. On June 7, 2022, Governor Kathy Hochul signed into law New York State Senate Bill S4937C. This affordable housing law allows hotels that are already authorized as Class B hotels to rent rooms for permanent residence purposes. State Senator Brian Kavanagh and Assemblymember Steven Cymbrowitz sponsored this bill.
City Planning Hears Application for Two Mixed-Use Buildings in Ravenswood
The buildings would provide residential, commercial, and industrial spaces. On May 11, 2022, the City Planning Commission held a public hearing for an application that would facilitate the development of two eight-story mixed use buildings that will offer residential, commercial, industrial and office spaces in Ravenswood, Queens. The rezoning area consists of the entire block bounded by 33rd Road to the north, 34th Avenue to the south, 11th Street to the west and 12th Street … <Read More>