Comptroller Report Finds Airbnb Usage Contributed to High Rent Problem

On April 2018, New York City Comptroller Scott M. Stringer issued a report on the impact of Airbnb on City rents. The report looked at how the home-sharing company impacted rent in the City over the period of 2009 to 2016. The report found that rental rates increases during this time period can be attributed to Airbnb.


New JPMorgan Chase State-of-the-Art Headquarters to Rise At 270 Park Ave

JPMorgan Chase intends to pursue building a new 2.5 million-square-foot headquarters at its 270 Park Avenue location. On February 21, 2018, Mayor Bill de Blasio and JP Morgan Chase Chairman and CEO Jamie Dimon announced the construction of a new 2.5 million-square-foot headquarters at its 270 Park Avenue location in Manhattan, which will be the first project under the City’s innovative East Midtown Rezoning plan passed in 2017. Under the East Midtown rezoning, JPMorgan Chase … <Read More>


Commissioners Stymied by Century Association Special Permit

A City Planning application, which required report from Landmarks, would see the restoration and maintenance of the Century Association Building in exchange for special permits to develop 21-story tower. On July 18, 2017, the Landmarks Preservation Commission considered an application from Tishman Realty for a restoration and maintenance plan for the Century Association Building, an individual City landmark, as part of a 74-711 special permit application to City Planning. In a 74-11 application, … <Read More>


Subcommittee Lambastes City for Withdrawing Beneficial Theater Contribution Increase

The City’s Planning Department withdraws its proposal to increase contributions to the Theater Fund, which supports local, off-Broadway theater productions. On February 27, 2017, the Department of Planning withdrew its application to raise the contribution rate for air rights sales within Manhattan’s Special Theater Subdistrict right before the City Council’s Zoning Subcommittee was set to vote on the issue. The proposed text amendment would have instituted a higher contribution rate, established a floor sale price, … <Read More>


Former Citicorp Center Designated an Individual City Landmark

Modernist structure last item designated of the buildings identified in Landmarks’ East Midtown Initiative. On December 6, 2016, the Landmarks Perseveration Commission voted to designate the former Citicorp Center and St. Peter’s Church, at 601 Lexington Avenue, an individual City landmark. The complex comprises of a 59-story office tower, a smaller office and retail building, and a church, as well as a public plaza and open-air concourse. Completed in 1978 to designs by … <Read More>


Wide Support for Designation of Early Postmodern Hotel Interiors

Some speakers testified that landmarked space should be expanded to connect bar and lobby as one designated interior. At its meeting on November 22, 2016, the Landmarks Preservation Commission heard testimony on the potential designation of two interior spaces on the first floor of the United Nations Hotel at 1 United Nations Plaza in East Midtown. The interiors under consideration are the Ambassador Grill and the Hotel Lobby, built as part of a hotel … <Read More>