On March 12, 2024, Mayor Eric Adams, Governor Kathy Hochul, and the Port Authority of New York and New Jersey announced a deal to support the replacement and expansion of the Port Authority Bus Terminal in Midtown. The 73-year-old facility currently serves over 200,000 people on an average weekday, but struggles to meet current needs. The replacement is expected to meet 2040-2050 commuter growth.
Search Results for: Site Development
HPD, HDC, HCR Celebrate Groundbreaking for Stevenson Square Project to Bring 1000 Affordable Units to the Bronx
On March 1, 2024, the New York City Department of Housing Prevention and Development (HPD), New York City Housing Development Corporation (HDC), and the New York State Division of Housing and Community Renewal (HCR) celebrated the groundbreaking for Stevenson Square in the Soundview section of The Bronx. The $1 billion construction project, in conjunction with Camber Property Group, will build affordable homes in furtherance of the ‘Housing Our Neighbors Blueprint’ initiative.
City Selects Two Companies to Redesign Sidewalk Sheds as Part of City’s ‘Get Sheds Down’ Plan
On February 29, 2024, Mayor Eric Adams, Buildings Commissioner Jimmy Oddo, and Mayor’s Office of Contract Services Director Lisa Flores announced the selection of two companies to redesign scaffolding sheds as part of the “Get Sheds Down” plan to improve sidewalk sheds. The companies, Arup US and Practice for Architecture and Urbanism, will work on six new designs to provide contractors with cost-effective options.
HPD Announces New Apartment and Theater in Mott Haven as Part of “24 in 24” Initiative
On February 16, 2024, the New York City Department of Housing Preservation and Development (HPD) announced that the city-owned parking lot at 351 Powers Avenue in the Bronx will be converted into “Powerhouse Apartments” and accompanied by a community theater. The apartments will be deeply affordable, and the theater will be housed in an electric powered building in Mott Haven. Lemle & Wolff Development Co., HELP Development Corp., and True Development New York, LLC will … <Read More>
HPD Announces Historically Low Rental Vacancy Rate
On February 8, 2024, the Department of Housing Preservation and Development announced the initial results of the latest New York City Housing and Vacancy Survey (NYCHVS). The survey is the official source of the net rental vacancy rate which is used to show the ongoing need for rent control and rent stabilization. The survey is run approximately every three years and done in partnership with the U.S. Census Bureau since 1965. It is the longest-running … <Read More>
COMMENTARY: Creating Social Housing in the Sky
By Assemblymember Harvey Epstein and Senator Cordell Cleare
The next innovation in the pursuit of permanently affordable housing for New Yorkers can be found amongst the glistening luxury high-rise condominiums. These high-rise condominium complexes will also include the next wave of cooperatively-owned and community-controlled affordable homeownership opportunities in New York City — social housing in the sky — if our bill, the recently updated Martin Act amendment (S3566A/A6921A), becomes law.