BIDs receive over $3.1 million increase in annual spending. On November 28, 2007, the City Council passed a local law to increase the annual budget for 10 business improvement districts and one special assessment district. The increases will require property owners within these districts to pay more into their BID or SAD.
The Times Square Alliance received the largest increase at $768,000, bringing its annual budget to $10.4 million. Outside of Manhattan, the largest increase … <Read More>
Carl Weisbrod’s office at One Hudson Square is emblematic of the changes Trinity Real Estate is bringing to Hudson Square—a neighborhood on the west side of Manhattan nestled between SoHo, Tribeca, and the West Village. A modern office space with advanced technological amenities, the building was actually designed in 1930 to accommodate printing companies. Much like the building, Mr. Weisbrod, as President of Trinity Real Estate—the real estate development arm of Trinity Church, one of … <Read More>
On July 20, 2023, Mayor Eric Adams, Department of Parks & Recreation (Parks) Commissioner Sue Donoghue, and Department of Transportation (Transportation) Commissioner Ydanis Rodriguez announced a $40 million investment to improve public spaces and street safety along Fulton Street and across Downtown Brooklyn—the borough’s largest economic hub. The project, which is part of Mayor Adams’ $375 million investment in improving public spaces citywide, aims to support Brooklyn’s economy by delivering streetscape improvements, transportation and public … <Read More>
On July 11, 2023, Landmarks Preservation Commission (LPC) approved rules to expedite and simplify the application process for property owners seeking agency approval for certain upgrades to landmarked properties. The new rules will widen the scope of applications that staff can approve, eliminating the need for review by the full Commission at a public hearing.
Located in a low-density area with few affordable homes, the four proposed apartment buildings would require a controversial rezoning. On September 7, 2022, the City Council Subcommittee on Zoning and Franchises held a public hearing to discuss a proposed rezoning in Throggs Neck, Bronx. If the rezoning is approved by the City Council, developer Throggs Neck Associates, LLC will construct four mixed-use apartment buildings at four different sites off the Bruckner Expressway. The project area … <Read More>
Despite two years of discussion, Industry City ownership unable to convince Council Member Menchaca and Community Board 7 to support expansion. On February 19, 2020, the City Planning Commission held a public hearing on an application for four land use actions to expand bulk and use requirements for Industry City, in Sunset Park, Brooklyn. Industry City is a 5.3 million square feet mixed-use complex comprised of sixteen buildings with commercial, manufacturing, and community facility uses. … <Read More>