On October 28, 2024, New York City Mayor Eric Adams announced the initial proposal for the Gansevoort Square project. The project includes utilizing Gansevoort Square, a City-owned site located on Little West 12th Street between Washington Street and 10th Avenue in Manhattan, for mixed-income housing, new public space, and expanding the Whitney Museum of American Art and the High Line.
Mayor
City Releases Fifth Avenue Redesign Plans
On October 17, 2024, New York City Mayor Eric Adams and the Future of Fifth Partnership announced the plan to redesign Fifth Avenue between Bryant Park and Central Park. This would be the first major redesign in Fifth Avenue’s 200-year history. Fifth Avenue houses 313,000 direct and indirect jobs and generates $44.1 billion in total wages and $111.5 billion in total economic output each year. The redesign is anticipated to increase property and sales tax … <Read More>
City Celebrates Completion of First Part of East Side Coastal Resiliency Project
On October 17, 2024, New York City Mayor Eric Adams announced the completion of the first section of the East Side Coastal Resiliency (ESCR) project. The East Side Coastal Resiliency project is a $1.45 billion project that will create a 2.4-mile-long flood barrier on the Lower East Side from Montgomery Street to Asser Levy Playground between East 23rd Street and East 25th Street. The $1.45 billion project is being built in two sections. The northern … <Read More>
City Launches Trade-In Program for E-Bikes and Batteries
On October 23, 2024, New York City Mayor Eric Adams announced the final rules regulating the City’s $2 million trade-in program for electric-powered mobility devices, such as electric bikes, and their batteries. This program is part of the City’s “Charge Safe, Ride Safe: New York City’s Electric Micromobility Action Plan” which aims to mitigate the risk of deadly e-bike fires, caused by uncertified lithium-ion batteries by promoting public safety and reducing the illegal … <Read More>
Governor and Mayor Celebrate Over 600 Letters of Intent for 421-a Extension Program
On October 16, 2024, New York City Mayor Eric Adams and New York Governor Kathy Hochul celebrated the milestone of the New York City Department of Housing Preservation and Development (HPD) receiving Letters of Intent for approximately 650 buildings through the 421-a extension tax incentive program. The proposed 650 buildings represent roughly 71,000 new homes (including 21,000 affordable units) for New Yorkers. Currently, New Yorkers face a 1.4 percent rental vacancy rate, with half of … <Read More>
City Expands Program to Replace Private Lead Water Lines
On October 9, 2024, New York City Mayor Eric Adams announced the expansion of the lead service line replacement program. Through this free program, the City will cover the replacement of privately-owned water service lines, made of lead or galvanized steel, at eligible properties in the Bronx and Queens. Water service lines connect directly to the City’s water mains, and property owners are responsible for the maintenance of their property’s service lines, which are estimated … <Read More>