Real Estate

Hunter College sophomore Molly Gardiner works outside her dorm in Kips Bay.

No New Dorm Plan as CUNY Prepares to Raze Hundreds of Affordable Student Rooms

April 29, 2024, 4:59 a.m.April 28, 2024, 11:51 a.m.

The Brookdale dorms cost students about $7,500 a year and will soon be replaced by a new science campus that includes no student housing.

Gov. Kathy Hochul speaks about cracking down on unlicensed cannabis shops.

Marijuana

How Private Equity Trumped Social Equity in State Cannabis Deal

April 24, 2024, 5:01 a.m.Oct. 22, 2024, 10:40 a.m.

Confidential documents obtained by THE CITY reveal how Chicago Atlantic Group became one of the biggest beneficiaries of the state’s legalization program.

Governor Kathy Hochul speaks in Albany about reaching a deal on housing with legislative leaders during their budget negotiations.

Development

How Much Housing Will Hochul’s New Deal Build?

April 23, 2024, 5:00 a.m.April 22, 2024, 6:22 p.m.

The picture for new development is now brighter, say real estate industry leaders, but much about the future remains cloudy, from getting vacant units back online to building out basement apartments.

Governor Kathy Hochul presents the Fiscal Year 2025 Executive Budget in the Red Room at the State Capitol.

State Budget

Hochul Housing Deal Prompts Pushback and a Big Question: Will It Be Enough?

April 15, 2024, 5:01 a.m.April 14, 2024, 9:43 p.m.

Measures include a new developer tax break, “good cause” tenant protections, rent increases for improved vacant apartments and unshackling New York City’s development powers.

A vacant office building at 111 Wall St. in the process of being turned into apartments.

Housing

Office Vacancy Crisis Deepens as Albany Mulls Easing Conversions to Apartments

April 10, 2024, 5:00 a.m.April 10, 2024, 8:56 a.m.

Bills to enable housing in reconfigured Manhattan buildings remain mired in ongoing Albany budget talks even while nearly 100 million square feet are vacant.

Alma Realty’s proposed development on Shore Front Parkway would feature four 24-story residential towers and other buildings with apartments, retail and community amenities.

The Rockaways

Developer’s Troubled Reputation Stirs Local Opposition to Huge New Rockaway Complex

April 2, 2024, 5:01 a.m.April 1, 2024, 5:15 p.m.

A city lawsuit alleging dangerous states of disrepair at Alma Realty buildings has residents saying the company can’t be trusted to build new towers near Surfside Apartments.

Taxes

NYC Property Tax Lawsuit Is Back On, High Court Rules

March 19, 2024, 5:13 p.m.March 20, 2024, 11:39 a.m.

Convoluted assessments favor wealthier, whiter neighborhoods and violate state and federal housing laws, argues the case headed back to State Supreme Court.

Residential and commercial buildings squeezed into the area below Union Square.

Rent

Looking for an NYC Apartment? Good Luck.

Feb. 8, 2024, 5:30 p.m.March 28, 2024, 1:11 p.m.

Rental vacancy rate plunges to 1.4%, key Census report says, as low-income New Yorkers struggle the most.

Workers laid new Metro-North tracks in Morris Park ahead of opening a new station.

The Bronx

Bronx Seeks a Boost From Adams’ Ambitious Metro-North Development Scheme

Feb. 8, 2024, 5:00 a.m.Feb. 7, 2024, 4:25 p.m.

Local leaders hail rezoning proposal that could yield 20,000 homes and 10,000 jobs — while a community board warns of strains on schools and tenants.

New buildings sit along the Atlantic Yards near the Barclays Center, Jan. 31, 2024.

Development

Auction of Atlantic Yards Sites Endangers Hard-Fought Housing Promises

Feb. 2, 2024, 5:00 a.m.Feb. 1, 2024, 5:29 p.m.

With a Feb. 12 sale scheduled for unpaid loans, local leaders press for action and answers on the future of a controversial state-led construction plan.

Real Estate

No New Dorm Plan as CUNY Prepares to Raze Hundreds of Affordable Student Rooms

How Private Equity Trumped Social Equity in State Cannabis Deal

How Much Housing Will Hochul’s New Deal Build?

Hochul Housing Deal Prompts Pushback and a Big Question: Will It Be Enough?

Office Vacancy Crisis Deepens as Albany Mulls Easing Conversions to Apartments

Developer’s Troubled Reputation Stirs Local Opposition to Huge New Rockaway Complex

NYC Property Tax Lawsuit Is Back On, High Court Rules

Looking for an NYC Apartment? Good Luck.

Bronx Seeks a Boost From Adams’ Ambitious Metro-North Development Scheme

Auction of Atlantic Yards Sites Endangers Hard-Fought Housing Promises

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