Image credit: New York City Office of the Comptroller
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. (read more…)
361 Canal Street in Manhattan’s SoHo neighborhood. Image Credit: GoogleMaps
The City Planning Commission approved the conversion of a Canal Street ground floor into retail use. On April 26, 2017, the City Planning Commission issued a favorable report on an application from Canal Associates, LP, a subsidiary of United American Land, owner of 361 Canal Street in Manhattan’s SoHo neighborhood. The application sought a special permit to exempt the location from certain requirements of Section 42-14D(2)(b) of the Zoning Resolution to allow for the conversion of the cellar and the ground floor of the existing five-story building into retail use. (read more…)
Diagram of rezoning area in the Special Clinton District in Manhattan. Image credit: CPC.
Council-approved developments in Special Clinton District will achieve 39 percent affordability across a range of Area Median Incomes. On June 26, 2014, the City Council unanimously voted 48-0 to approve applications which would facilitate the development of two new mixed-use buildings, the rehabilitation of another building, and creation of three new community gardens in the Special Clinton District in Manhattan. The joint applications were proposed by the Clinton Housing Development Company, the New York City Department of Housing Preservation and Development, Taconic Investment Partners and Ritterman Capital. The project area is generally bounded by West 51st Street and West 53rd Street between Tenth and Eleventh Avenues.
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