Mixed-use building seeks to add two new elevators to lower Manhattan subway station. On March 14, 2018, the City Planning Commission held a public hearing for a special permit for a proposed new mixed-use development at 45 Broad Street in the Financial District in Manhattan in connection with improvements to the Broad Street Station and the Wall Street Station. Applicants, Madison 45 Broad Development LLC, plan to build a 65-story condominium building in what is … <Read More>
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City Planning Hears Plans For New Development In Area Lacking Residential Space
New industrial modern loft building for Bronx area scarce with residential options. On March 14, 2018, the City Planning Commission held a hearing on the Willow Avenue Rezoning application. The applicant, Markland 745 LLC, seeks to develop a mixed-use, mostly residential building on Willow Avenue between East 133rd and East 134th Street in the Port Morris section of the Bronx. The property is currently occupied by a three-story commercial office building and a single-story warehouse. … <Read More>
New Development Will Bring Affordable Co-Op To First Time Home Buyers
New cooperative building will give first time home buyers affordable opportunity to own their home. On February 28, 2018, the Department of Housing Preservation & Development (HPD) announced plans to develop a 100 percent affordable seven-story co-op building in the Williamsbridge section of the Bronx. The building, named Sydney House, is the first affordable housing development to be financed under the HPD’s Open Door program.
Greenwich Village Corner Lot Redevelopment Approved after Revisions
Residential development, with ground-floor commercial space, will occupy two lots, replacing service station structures. On February 6, 2018, Landmarks voted to approve a proposal to demolish two buildings and construct a new building spanning two lots at 540 and 544 Hudson Street, at the corner of Charles Street, in the Greenwich Village Historic District. The site is occupied by two buildings of one and two stories, which were until recently part of an … <Read More>
Canal Street Development Approved after Landmarks Modifications
Proposal, whose previous iteration was subject to community and commissioner opprobrium, approved after reduction in size and modifications in design and materials. At its meeting on January 23rd, 2017, the Landmarks Preservation Commission considered and approved a modified proposal to redevelop five properties in the Tribeca East Historic District at 312 to 322 Canal Street with a single new structure. The site is currently occupied by two-story commercial structures dating to the 19th century, but … <Read More>
$200 Million for New Boilers and Heating Systems Upgrade For NYCHA Developments
A $200 million investment will be used to replace boilers and upgrade heating systems at 20 NYCHA developments. On January 31, 2018, Mayor de Blasio announced the investment aimed at assisting NYCHA developments experiencing chronic outages. The $200 million investment is part of the Mayor’s investment in NYCHA including $2.1 billion in capital infrastructure and $1.6 billion in operating funds. The upgrades are expected to save NYCHA approximately $5 million per year in energy costs.