Subcommittee Coaxes Upfront Commitment for $100 Million Out of Developer for Trust

Council Member Corey Johnson still feels hesitant about proposed St. John’s Terminal development and seeks more concessions by the developer. On November 1, 2016, the City Council’s Subcommittee on Zoning and Franchises held a public hearing on the proposed 550 Washington Street rezoning and redevelopment, and the creation of a special district in Manhattan’s Greenwich Village. The proposed development would create three separate city blocks for five separate buildings which would include four mixed-use buildings … <Read More>


City Council Subcommittee Chided EDC over Downtown Brooklyn Development [UPDATE: Committee Approves Application With Conditions]

Subcommittee raised concerns about the aggregate effect the mass development of Downtown Brooklyn will have on school resources. On October 5, 2016, the City Council’s Subcommittee on Zoning and Franchises heard testimony on an application to construct a new 49-story mixed-use building at 141 Willoughby Street in Downtown Brooklyn. The site is a triangular-shaped zoning lot bounded by Flatbush Avenue Extension, Willoughby Street and Gold Street. Currently the space is occupied by a three-story private … <Read More>


Grand Central Upgrades and One Vanderbilt Construction Begins

City Officials and developer broke ground on the new One Vanderbilt office building and $220 million transit upgrade of Grand Central. On October 18, 2016, Mayor Bill de Blasio, Manhattan Borough President Gale Brewer, Congresswoman Carolyn Maloney and Council Member Dan Garodnick joined the developer SL Green for the on-site groundbreaking ceremony. The new office tower will reach 1,401 feet and cover the city block west of Grand Central. The tower is expected to achieve … <Read More>


Say Hello to Mandatory Inclusionary Housing!

Almost 55 percent of all renter households in New York City now pay more than 30 percent of their income towards housing costs, an increase of 11 percent since 2000. As a consequence, the City Planning Commission found that “many of the city’s neighborhoods are becoming less economically diverse, which poses a threat to the city’s economic competitiveness as well as to the opportunities available to lower-income New Yorkers.”

Mandatory Inclusionary Housing is one of … <Read More>


Full City Council to Vote Today on Mayor’s Affordable Housing Proposals [UPDATE: MIH & ZQA Pass Full Council]

Full vote follows Committee approval following extensive modifications after receiving community input and testimony for months. On March 17, 2016, the City Council Subcommittee on Zoning and Franchises and the Committee on Land Use each voted on Mayor Bill de Blasio’s proposed Mandatory Inclusionary Housing and Zoning for Quality and Affordability proposals. The full Council is expected to approve the proposals at today’s City Council Stated Meeting. To see CityLand‘s comprehensive chart outlining the … <Read More>