On March 6, 2024, the City Planning Commission voted to approve the City of Yes for Economic Opportunity zoning text amendment. The amendment, the second of Mayor Eric Adams’ three City of Yes proposals, is a collection of eighteen changes to the zoning text designed to remove obstacles for small businesses looking to expand and create more vibrant streetscapes.
Search Results for: Manhattan
Governor Announces $514k Settlement Against Landlord for Overcharging Rent
On February 14, 2024, New York State Governor Kathy Hochul announced a settlement of $514,000 by New York State Homes and Community Renewal Tenant Protection Unit (TPU) against Manhattan landlord Steven Croman of Centennial Properties for unlawfully defrauding renters. Croman was found guilty of engaging in a scheme to lease regulated units for less than one or two years which in turn made apartments unavailable for New Yorkers in search of safe, stable housing. The … <Read More>
City Planning Holds Public Hearing for Casino Text Amendment
On February 7, 2024, the City Planning Commission held a public hearing for the proposed Gaming Facility Text Amendment. The text amendment would create a framework within the Zoning Text that would allow for the possible creation of up to three casinos citywide.
HPD Announces Historically Low Rental Vacancy Rate
On February 8, 2024, the Department of Housing Preservation and Development announced the initial results of the latest New York City Housing and Vacancy Survey (NYCHVS). The survey is the official source of the net rental vacancy rate which is used to show the ongoing need for rent control and rent stabilization. The survey is run approximately every three years and done in partnership with the U.S. Census Bureau since 1965. It is the longest-running … <Read More>
CPC Votes to Approve 46-Story Mid-Block Yorkville Building
On February 7, 2024, the City Planning Commission voted to approve an application for a 46-story mixed-use building at 231 East 94th Street in Yorkville. The building would be located mid-block on the north side of East 94th Street between Second and Third Avenues.
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>