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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Rendering of Proposed La Hermosa Building with Modifications/Image Credit: Department of City Planning/CPC

The proposed building would house the redeveloped La Hermosa Church, community facilities, and residential units. On October 15, 2019, the City Planning Commission voted to approve an application to develop a new 29-story tower-on-a-base mixed-use building at 5 West 110th Street in Harlem, Manhattan. The site is currently occupied by La Hermosa Church, a three-story brick throughway building, and the church’s parking lot. To facilitate the new 226,000 square feet development, the applicants would propose to demolish the existing church building. The project would redevelop La Hermosa Church and build a music hall, music school, and approximately 160 housing units. The Church is the project applicant and site owner.

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According to the Office of Special Enforcement, all of the units at 200 East 116th Street were converted into illegal short term rentals. Image Credit: Google Maps

The lawsuit claims that at least 130 apartments were converted into illegal short-term rentals. On January 14, 2019, the Mayor’s Office of Special Enforcement announced that it filed a lawsuit against several defendants for converting apartments in 35 residential buildings into illegal short-term rentals through websites like Airbnb. The defendants include Metropolitan Property Group (MPG), five current or former MPG employees and 18 associated corporate entities. The lawsuit was filed on January 14, 2019, in New York State Supreme Court. (more…)

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. (more…)