Search Results for: Rent Regulation

Buildings Exempted from Rent Law

Red Hook developer converted commercial buildings into residential apartments. Harbor Tech LLC in 1999 purchased a commercial complex located in the Red Hook neighborhood of Brooklyn that had been built in the 1920s and used continuously for commercial purposes. Harbor Tech by 2005 had converted the five interlaced buildings of the complex into 100 residential units.

Thirty-five residents of the complex in 2013 sued Harbor Tech to have the City’s Rent Stabilization Law applied … <Read More>

Ikea Development Approved; Sent to Council

Ikea to build a 346,000-square-foot waterfront store in Red Hook. The City Planning Commission approved an application by Ikea Property, Inc., for the development of a 346,000-square-foot furniture store and three ancillary buildings on a 22-acre site along the Red Hook, Brooklyn waterfront. The store, Ikea’s first in New York City, will be its largest store in the United States. The Commission also approved 70,000 sq.ft. of retail and restaurant space and a … <Read More>