The development which requires a significant upzoning, special permit, and several building envelope requirement modifications will now proceed to City Council for review and approval. On December 5, 2018, the City Planning Commission held a public hearing on a proposed mixed-use development at 570 Fulton Street, located within the Special Downtown Brooklyn District. The applicant, 570 Fulton Street LLC, is proposing to build a 40-story, approximately 202,000 square foot building containing a mix of office … <Read More>
Search Results for: Incentive Program
HPD Seeks Urban Development Action Area Designation for Two City-Owned Properties in East Village
Approval of the proposed project will provide housing to families that have been displaced for over ten years. On December 5, 2018, the City Planning Commission heard an application that would allow for the demolition of existing buildings on two City-owned lots and development of ten co-operative units at 204 Avenue A and eleven one-bedroom rental units at 535 East 12th Street in Manhattan. The lots are located on the same block in the … <Read More>
City Planning Releases North Brooklyn Industry & Innovation Plan
The Department of City Planning released a comprehensive plan which seeks to update zoning and other land use strategies to stimulate spaces for new jobs and economic activity in the area. On November 19, 2018, the Department of City Planning released the North Brooklyn Industry & Innovation Plan which sets land use goals and tools for businesses in the area to promote growth and expansion. The Plan is part of Mayor Bill de Blasio’s 10-point … <Read More>
City Planning Commission Considers Rezoning Application Near Train Terminal
Rezoning will allow for construction of building with 185 affordable units. On November 14, 2018, the City Planning Commission held a public hearing for a rezoning application that would allow for the construction of a new affordable nine-story mixed-use building in the Wakefield neighborhood of the Bronx. The proposed project site is on the corner of White Plains Road and East 241st, adjacent to the East 241st Street subway terminal along … <Read More>
Tenant Wins New Lower Base Rent
State used sampling method to set new base rent for studio improperly deregulated under luxury decontrol. The owner of a rental building at 160 East 84th Street, Manhattan, took advantage of the luxury decontrol provisions of the Rent Stabilization Law to deregulate a studio apartment. Subsequently, the New York Court of Appeals ruled that buildings like 160 East 84th Street were ineligible to take advantage of luxury decontrol because the building was also … <Read More>
Mayor Announces Long Island City Chosen to House New Amazon Headquarters
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>