The City College of New York and the Mount Sinai Health System will build new spaces dedicated to startups. Last month, Mayor Eric Adams and the New York City Economic Development Corporation (NYCEDC) directed $15 million to the City College of New York (CCNY) and $11.6 million to the Mount Sinai Health System (Mount Sinai), of a total $1 billion committed to NYCEDC’s LifeSci NYC initiative. Both awards will go towards construction of new spaces … <Read More>
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City Planning Commission Votes to Approve City of Yes for Economic Opportunity Amendment
On March 6, 2024, the City Planning Commission voted to approve the City of Yes for Economic Opportunity zoning text amendment. The amendment, the second of Mayor Eric Adams’ three City of Yes proposals, is a collection of eighteen changes to the zoning text designed to remove obstacles for small businesses looking to expand and create more vibrant streetscapes.
Updated: “How Doomed is the Loop?”: Discussion on Remote Work Impact on City’s Financial Health
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>
City Planning Announces Next Info Session on City of Yes Amendments
On September 5, 2023, the Department of City Planning announced further information sessions about the City of Yes for Economic Opportunity zoning text amendment. The proposed zoning text amendment is part of Mayor Adams and the Department of City Planning’s City of Yes initiative to remove outdated provisions and revise the zoning text to enable the better growth of the economy, housing, and the use of green technology. The City of Yes for Economic Opportunity … <Read More>
Mayor and City Planning Unveil Details for City of Yes for Economic Opportunity Zoning Text Amendment
The amendment is the second of three proposed zoning text amendments from Mayor Adams designed to address outdated zoning issues. On June 14, 2023, Mayor Eric Adams and Department of City Planning Director and City Planning Commission Chair Dan Garodnick revealed the “City of Yes for Economic Opportunity” zoning text amendment. The proposed amendment is part of Mayor Adams’ City of Yes zoning text amendments to modernize the zoning text and remove burdensome outdated provisions … <Read More>
City Announces New Biotechnology Center at the Brooklyn Navy Yard
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>