Search Results for: City Council

City Council no Longer a Rubber Stamp on Zoning Proposals

Panel of City Officials and industry leaders discussed NYC zoning and recent developments like Mandatory Inclusionary Housing and Zoning for Quality and Affordability. On November 30, 2016, the Center for Real Estate Studies hosted a the breakfast forum, “Celebrating 100 Years of NYC Zoning: Setting the Future Agenda for Developers and Policy Makers.” Ross Moskowitz, a Partner at Stroock & Stroock & Lavan LLP, moderated a panel consisting of Commissioner Vicki Been, from the Department … <Read More>

City Council Committees Approve Pier 40 Transfer of Development Rights

550 Washington

Zoning Subcommittee and Land Use Committee approve brokered rezoning and development rights transfer at St. John’s Terminal in Manhattan’s Greenwich Village. On December 6, 2016, two City Council committees approved a land use application to develop the aging St. John’s Terminal which is located across West Street from Pier 40 and just north of the Holland Tunnel. The approval will allow the transfer of $100 million of air rights from Pier 40 to the 1.7 … <Read More>

City’s Failure to Preserve Deed Restrictions on the Rivington House Explored [City Council Passes Tougher Oversight]

UPDATE: On December 6, 2016, the New York City Council voted 42-0 to approve Introduction 1182-2016 which requires the Department for Citywide Administrative Services to conduct an extensive review of a request to remove a deed restriction on a property managed by DCAS, including a public hearing, to determine whether the request removal furthers the best interests of the City.

The legislation is a response the controversial sale of the Rivington House to a luxury … <Read More>

City Council Unanimously Approves Legislation to Prevent Gas Explosions [UPDATE: Mayor Signs Legislation]

gas explosionsUPDATE: On December 6, 2016, Mayor Bill de Blasio signed the package of bills to increase gas safety in New York City. “Gas safety is important for all New Yorkers, and this legislative package will resolve numerous regulatory oversights,” said the Mayor. “These reforms will ensure both property owners and utility companies are accountable for keeping buildings safe.”

“In a relatively short time we’ve seen a number of gas explosions take place in the City; … <Read More>

Subcommittee Criticizes City’s Lack of Planning at Lambert Houses [UPDATE: City Council Approves with Modifications]

Lambert Houses

UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lambert Houses application with modification. The approved application now includes the Mandatory Inclusionary Housing option with deep affordability—half of the apartments will now be affordable for those making 30 percent or less of the average median income. The City has committed $12.3 million for infrastructure improvements in the West Farms area, including the construction of two new schools in the area—adding at … <Read More>

New Affordable Housing in East Harlem [UPDATE: City Council Approves Application]

Lexington Gardens II

UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lexington Gardens II project. The approval will allow Tahl Propp Equities and L+M Development Partners to proceed with the proposed development which will provide 400 new affordable units. One quarter of the affordable units will be permanently affordable under the Mandatory Inclusionary Housing law, and the remainder will be affordable for 40 years under a regulatory agreement with the Department of Housing … <Read More>