On November 15, 2024, Department of City Planning (DCP) Director Dan Garodnick released new data showing the city’s storefront vacancy rate is down to 11.1 percent. This marks the fourth straight quarter of declining vacancy.
In comparison, a survey of 24 corridors across the city during summer 2020 showed inactivity rates of over 30 percent. Queens, the Bronx, and Staten Island all have borough-wide vacancy rates below nine percent, although some higher vacancy rates persist, … <Read More>
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.
On September 13, 2024, New York City Mayor Eric Adams announced the ground breaking for the New Stapleton Waterfront, part of the City’s Staten Island North Shore Action Plan. The Staten Island North Shore Action Plan is a four-year plan that was announced in September 2023 by Mayor Adams and New York City Councilmember Kamillah Hanks. This $400 million investment aims to provide Staten Island’s North Shore with over 20 acres of public space, more … <Read More>
On September 16, 2024, Department of City Planning (DCP) Director Dan Garodnick in collaboration with other critical stakeholders announced the launch of the NYC Industrial Plan, The New York City Plan was sponsored by City Council Majority Leader Amanda Farias as outlined in Local Law 172-2023.
On September 4, 2024, New York City Mayor Eric Adams announced the opening of 24 newly completed school buildings, creating 11,010 seats for students. Mayor Adams also announced that the 2025-2029 Capital Plan will provide funding for another 33,417 seats. These announcements come just in time to welcome students across the city for the first day of the 2024-2025 school year.
On August 29, 2024, New York City Department of Transportation Commissioner Ydanis Rodriguez announced the creation of 71 Open Streets at schools across the City. This record number of school-related Open Streets is the result of the New York City Department of Transportation’s $30 million investment to create and sustain high-quality public spaces like plazas and Open Streets, through the City’s Public Space Equity Program (PSEP). The City’s Public Space Equity Program aims to provide … <Read More>