The report found that the pervasive use of Airbnb in New York City is likely the indirect causation of incredibly low residential vacancy rates and rising rental rates. In June of 2016, housing advocacy groups Housing Conservation Coordinators and MFY Legal Service jointly issued a study on the impact Airbnb and similar short-term rental-facilitating platforms have on the traditional housing market in New York City. While there are several companies connecting short-term rental apartments with … <Read More>
Search Results for: West Village, Manhattan
RECAP: The Rooftops Conference 2016
The Conference was filled to capacity with not-for-profit executives, real estate attorneys, professionals, and enthusiasts alike. On April 1, 2016, the Rooftops Project of the Center for Real Estate Studies at New York Law School hosted its sixth annual Rooftops Conference, which is a symposium for the not-for-profit sector focused on the role of real estate—owned, leased, or hosted physical space—in the operations, financial performance, and achievement of mission by not-for-profit organizations of all sizes … <Read More>
Commission asks for revisions to controversial redevelopment of Gansevoort Street block
Scale and massing of proposed new building and additions require moderation. On February 9, 2016, Landmarks heard the applicants’ response to criticism from those who testified at a public hearing on November 10, 2015, concerning the redevelopment of a block face in the Gansevoort Market Historic District. The work encompasses 46-48, 50, 52-58, 60-68, and 70-74 Gansevoort Street, between Greenwich and Washington Streets. The five buildings comprise three … <Read More>
Council Approves Conversion of Saint Vincent’s Triangle into City Parkland with AIDS Memorial
Privately-owned open space will be converted into a new City park that includes an aptly-placed Aids memorial across the street from the former-Saint Vincent’s Hospital. On August 13, 2015, the City Council approved West Village Residences, LLC and the Department of Parks and Recreation’s application to transfer ownership of WVR-owned open space to the City and officially map the space as City parkland. The open space is bounded by Seventh Avenue South, West … <Read More>
Chumley’s Wins Right to Reopen
Neighbors opposed the reopening of Chumley’s, a former speakeasy located on a residential block of the West Village. Chumley’s, a famous former speakeasy and literary hangout located at 86 Bedford Street in Greenwich Village, closed temporarily in 2007 in order to repair structural defects in its landmark-designated building. Chumley’s is part of the Greenwich Village Historic District. In May 2012 Chumley’s began the process to regain its liquor license and reopen. The reopened Chumley’s … <Read More>
New York State Court of Appeals Permits NYU Expansion Plan
Court found no implied dedication of target parcels as parkland. In 2012, the City Council approved a plan by New York University to develop two “superblocks” bounded by West 3rd Street, Houston Street, Mercer Street, and LaGuardia Place in the Greenwich Village section of Manhattan as part of an expansion plan for the campus. Assemblymember Deborah Glick, joined by the Greenwich Village Society for Historic Preservation, the Historic Districts Council, and other local … <Read More>