$811 million in bond offerings on IDA’s calendar.

February calendar includes 17 projects. The New York City Industrial Development Agency, a component of the Economic Development Corporation, will hold its monthly public hearing on February 8, 2007 for 17 proposed projects including bond offerings totaling $811 million and seven straight-leases.

Included among the 17 projects is a straight-lease to NBC Universal of 1,380,000 sq.ft. of office space at 30 Rockefeller Plaza. The City would lease the property from the building’s owner and sub-lease … <Read More>


DOT Releases Final Rules for Permanent Outdoor Dining Program

Almost two years after the City Planning Commission’s zoning text changes, applications for the permanent program are expected to open next month. On February 2, 2024, the Department of Transportation released the final rules for the permanent outdoor dining program, “Dining Out NYC.”  Through the new program, outdoor dining will be expanded citywide on sidewalks year-round and in roadways seasonally from April through November. 




Mayor Adams Signs Two Economic Recovery Bills

The two City Council measures will create a small business portal and require additional commercial property registration, respectively. On October 18, 2022, Mayor Eric Adams signed two bills, Intro 116 and Intro 383, to promote the city’s economic recovery. Intro 116 will help small business owners with City administrative needs and Intro 383 provides the city with more data about the extent of commercial vacancies citywide.


Council Hears Proposal For Bruckner Expressway Development

Located in a low-density area with few affordable homes, the four proposed apartment buildings would require a controversial rezoning. On September 7, 2022, the City Council Subcommittee on Zoning and Franchises held a public hearing to discuss a proposed rezoning in Throggs Neck, Bronx. If the rezoning is approved by the City Council, developer Throggs Neck Associates, LLC will construct four mixed-use apartment buildings at four different sites off the Bruckner Expressway. The project area … <Read More>