Maximum height limit reduced from 150 to 120 ft. in portions of proposed C4-5X district. On March 24, 2009, the City Council approved, with one modification, the Department of City Planning’s proposal to rezone and create the Special Forest Hills District within a 10-block area in Forest Hills, Queens. The rezoning area, roughly bounded … <Read More>
Commission finds affordability issue outside its scope of review, modifies other aspects of plan. On September 24, 2008, the City Planning Commission approved a modified version of EDC’s Hunter’s Point South Redevelopment Plan. EDC’s plan seeks to create an affordable, middle-income community along the waterfront in Long Island City. The plan calls for 5,000 new residential units, 60 percent of which would be affordable to middle-income families of four making $55,000-$158,000. 5 CityLand 125 (Sept. … <Read More>
Opponents claim Hunter’s Point South will not adequately address lack of affordable housing in Queens. On August 13, 2008, the City Planning Commission heard testimony on the Hunter’s Point South Redevelopment Plan. The plan aims to create an affordable, middle-income community and waterfront park on 30 acres of Long Island City waterfront.
Originally owned by the Port Authority of New York and New Jersey, … <Read More>
Landmarks provides forum for accord and controversy during numerous hearings. On June 24, 2008, Landmarks heard testimony on eight potential City landmarks, as well as one historic district extension. According to spokesperson Lisi de Bourbon, Landmarks grouped the designation hearings on one day to demonstrate certain themes and priorities like post-war architecture, public libraries, and the Commission’s recent review of architecture in the West Village.
The proposed extension of Queens’ Douglaston Historic to encompass 22 … <Read More>
Christopher V. Albanese is Executive Vice President of the Albanese Organization, a nearly 60-year-old real estate development and management firm founded by his father and uncle, now known for its innovative environment-friendly developments.
Albanese grew up in Queens and attended Cornell University where he majored in Economics. Following a stint at Coldwell Banker after college, he joined the family business in 1987. After three years, he left to pursue his law degree at St. John’s … <Read More>
IDA also approves tax -exempt bonds for 2 health care entities and 1 private school. On October 9, 2007, the New York City Industrial Development Agency voted to provide financial assistance to four entities.
IDA awarded the Bronx Parking Development Company $225 million in tax-exempt bonds to finance the design, construction, and renovation of three new parking garages, two existing garages and six surface lots that would serve the new Yankee Stadium. According to IDA, … <Read More>