The project will bring tens of thousands of new jobs, billions in tax revenue, and investment in infrastructure, City says. On November 13, 2018, Mayor Bill de Blasio and Governor Andrew M. Cuomo announced that Amazon has selected Long Island City, Queens for one of its two new corporate headquarters. The City has been steadily increasing investment into Long Island City, with more than $2.4 billion of planned infrastructure investments and a recently announced $180 … <Read More>
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Ten NYCHA Developments To Receive New Rat Extermination Plan
De Blasio Administration will focus on reducing rat population through different extermination measures. On April 17, 2018, Mayor Bill de Blasio announced a new rat extermination plan for the NYCHA’s ten most rat-infested developments. The extermination plan is part of the Mayor’s $32 million Neighborhood Rat Reduction Program to reduce rat populations in the most infested City neighborhoods: Grand Concourse in the Bronx, Chinatown, East Village, and Lower East Side in Manhattan, and Bushwick and … <Read More>
New JPMorgan Chase State-of-the-Art Headquarters to Rise At 270 Park Ave
JPMorgan Chase intends to pursue building a new 2.5 million-square-foot headquarters at its 270 Park Avenue location. On February 21, 2018, Mayor Bill de Blasio and JP Morgan Chase Chairman and CEO Jamie Dimon announced the construction of a new 2.5 million-square-foot headquarters at its 270 Park Avenue location in Manhattan, which will be the first project under the City’s innovative East Midtown Rezoning plan passed in 2017. Under the East Midtown rezoning, JPMorgan Chase … <Read More>
Schneiderman Announces Indictment of NYC Landlord in $5 Million Mortgage Fraud Scheme
A New York City landlord was indicted for mortgage fraud scheme in Lower Manhattan, stemming from tenant harassment investigation. On April 6, 2017, New York State Attorney General Eric T. Schneiderman announced the indictment of Dean Galasso, a New York City landlord. Galasso was indicted on six felony charges in relation to an alleged scheme to fraudulently obtain a multi-million-dollar mortgage to finance the acquisition of a rental building. Galasso faces one count of Grand … <Read More>
One Year Under Mandatory Rules Produces 4,700 Affordable Units
Mayor and City Council celebrate progress in production of affordable housing units since the passage of mandatory affordable rules one year ago. March 22, 2017, marked the one year anniversary of the Mandatory Inclusionary Housing program. The program, which requires developers to include permanently affordable housing whenever a special permit or a rezoning significantly increases the underlying potential residential floor area, has received both praise and chastisement from advocates and Council Members.
CityLand’s Top Ten Stories of 2016
Welcome to CityLand‘s fifth annual top ten stories of the year! We have selected a range of our most popular and prominent stories, and guest commentaries concerning New York City land use in 2016. Our fifth year as an online publication was marked by the fight to pass the Mayor’s Mandatory Inclusionary Housing plan, proposed reforms to the building code to prevent illegal home conversions, and capped by the passage of state laws prohibiting … <Read More>