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>



Mayor and DOB Announce Overhaul of Sidewalk Construction Shed Rules

Sidewalk sheds stay up for an average of over 500 days, but some stay up for several years. On July 24, 2023, Mayor Eric Adams and Department of Buildings Commissioner Jimmy Oddo announced “Get Sheds Down,” an overhaul of the rules relating to sidewalk construction sheds (scaffolding). While the sheds are required for construction, facade inspections, and repairs, existing laws often enable property owners to leave up the construction sheds for a long time, and <Read More>


Mayor Announces Holiday Open Street, Pedestrian Space Around Rockefeller Center and Small Business Support Campaigns

The pedestrian space around Rockefeller Center returns to help accommodate holiday crowds. On November 22, 2022, Mayor Eric Adams announced the City’s largest holiday season specific open street and the return of the pedestrianized area around Rockefeller Center for the holiday season, along with two new ad campaigns to support local and small businesses. Temporary pedestrian spaces ease crowding and enhance public safety as thousands of visitors and New Yorkers celebrate the holiday season.  For <Read More>