The Real Deal New York

Posts Tagged ‘Christine Quinn’

  • From left: Stephen Green, Christine Quinn, Roger Silverstein and William Thompson

    New York City real estate moguls are covering their bases on the upcoming mayoral election, giving donations to more than one candidate, an analysis of campaign finance reports by the New York Daily News shows.  [more]

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  • Hudson Square

    Hudson Square moved a step closer today to getting more new housing when two City Council committees approved a controversial proposal by the property arm of Trinity Church to rezone the Lower Manhattan neighborhood, the New York Observer reported.

    The zoning and land use committees signed off a plan that would let developers build 2,000 to 3,000 new apartments — many of them affordable — into the neighborhood.  The full council is expected to OK the plan later this month; if the plan gets the nod, the rezoning will take effect immediately.  [more]

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  • Christine Quinn and Gary Barnett

    Christine Quinn is emerging as the favorite mayoral contender among real estate professionals, if the donations to her (still unofficial) campaign are to be believed. And the City Council Speaker has one more industry bigwig to add to her list of supporters: Gary Barnett, the president of Extell Development.

    Barnett was the featured guest this afternoon at a monthly luncheon held by the Association of Real Estate Women, where he entertained the crowd of at least 170 people with his take on politics, development trends and Extell’s growing dominance in the industry. [more]

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  • From left: Bill de Blasio, Christine Quinn and Steven Spinola

    With affordable housing becoming a hot-button issue in the upcoming mayoral race, the Real Estate Board of New York is warning the candidates not to alienate its thousands of members, according to Crain’s. REBNY’s president, Steven Spinola, told the politicians Monday: “If the debate ends up with a bunch of rhetoric, then we’re not going to find any solutions. If there’s going to be short, bumper-sticker answers about it being money being given away, then we’re not going to make much progress on what may be one of the most important issues facing the city of New York.” [more]

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  • Bill de Blasio and Christine Quinn

    How much does the city real estate industry like City Council Speaker Christine Quinn? Industry executives have donated more than $800,000 into what remains her unofficial campaign for mayor, Crain’s reported, citing numbers from the New York Public Interest Research Group. All in all, this sum accounts for 14 percent of her total funds raised, which in January ticked in at over $6 million. [more]

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  • From left: Bill de Blasio and Christine Quinn

    New York City Public Advocate and mayoral hopeful Bill de Blasio slammed City Council Speaker Christine Quinn’s affordable housing platform, saying it pandered to the interests of the real estate industry, the New York Observer reported.

    In Quinn’s State of the City address earlier this week, she proposed a cap for property taxes for whole buildings that pledged to set aside a certain percentage of their units as affordable. The plan mirrored a 2011 proposal by the Real Estate Board of New York, which an aide from the Bloomberg Administration had described as “a large tax break dressed up as a housing policy.” [more]

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  • Christine Quinn

    Mayoral candidate Christine Quinn’s affordable housing plan was bound to face criticism. But her plan is especially susceptible since it prominently features a tax subsidy twice proposed and rejected by the Bloomberg administration as unacceptably generous to the real estate industry, according to the New York Times. Aides to Quinn acknowledged the similarities to the previous affordable housing plans and that the idea had come from the city’s real estate industry — who have been some of Quinn’s biggest campaign donors. However they also said that Quinn had altered the plan in significant ways. … [more]

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  • Christine Quinn

    City Council Speaker Christine Quinn today in her State of the City address vowed to construct 40,000 affordable housing units for the middle class over the next 10 years, DNAinfo reported. “We face an affordability crisis in our city,” Quinn said. “We need to make sure that the people who want to stay in our great city can afford to stay.” Quinn’s definition of “middle class,” at least when it comes to housing development, is unclear. According to her Middle Class Squeeze report, issued today, it lies “between 100 percent and 300 percent of area median income.” [more]

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  • Joseph Moinian and Speaker Christine Quinn

    A group of elected officials and union workers has given the Moinian Group a failing grade when it comes to the company’s landlord and development operations, the New York Observer reported. The so-called report card faults Moinian with failed relationships with tenants, vendors and workers, and the group is holding a rally today near City Hall to bring awareness to the issue. [more]

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  • Chelsea Market deal forgets food vendors

    January 25, 2013 09:30AM

    Chelsea Market’s food concourse

    With the expansion of the Chelsea Market approved, some worry that the historic building’s food concourse will shrink or be removed, DNAinfo reported. Despite claims by City Council Speaker Christine Quinn that  it would be protected, Jamestown Properties — the building’s landlord — has no legal obligation to keep the concourse following the expansion.  [more]

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  • Speaker Christine Quinn

    The City Council unanimously approved a new bill Wednesday aimed at cracking down on landlords who maintain unsafe and unsanitary conditions, the New York Daily News reported. The bill would have landlords pay steep fines–$1,000 per unit or $5,000 per building—or sign an affidavit swearing they’ve repaired dangerous or dirty conditions. Landlords who lie in the affidavit could face criminal charges. Though the city currently requires landlords to maintain buildings in good condition, critics say that landlords have been getting away with stopgap fixes. … [more]

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  • Speaker Christine Quinn

    A bill that takes aim at city landlords who make surface cosmetic repairs to their properties but do not address underlying structural issues is expected to get approval from the City Council today, the Wall Street Journal reported. This bill, according to experts and city elected officials, addresses an increasing problem of investors who acquire older properties to flip them for profit without making needed repairs, such as finding the source of a leak rather than just plastering over a water-logged wall. [more]

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  • Hudson Yards breaks ground on first tower

    December 04, 2012 03:30PM

    From left: the groundbreaking ceremony today and a rendering of the Hudson Yards

    The Related Companies and Oxford Property Group today broke ground at their Far West Side development known as the Hudson Yards. The public-private project is set to rise on 26 acres, the largest swath of as-of-yet undeveloped property in Manhattan.

    Six years since planning began, the first dirt was moved to make way for the Hudson Yards’ South Tower, the 47-story future home of the luxury retailer Coach. That building, at the northeast corner of Tenth Avenue and 30th Street, will include 740,000 square feet that Coach will own as a commercial condominium, as previously reported. [more]

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  • From left: City Council Speaker Christine Quinn, Mayor Michael Bloomberg and Hurricane Sandy

    The city will extend property tax deadlines interest free — and may even provide a refund on property taxes already assessed – for structures badly damaged by Hurricane Sandy, a statement today from the office of Mayor Michael Bloomberg said. The measures require further approval from the City Council and New York State Legislature, however.

    The city’s Department of Finance issued an interest-free extension on the next property tax bill for “residential properties damaged beyond repair or in need of extensive structural repairs before they can be re-inhabited.” The Department of Finance’s move will still need to be formally authorized by the City Council, the statement said. [more]

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  • From left: a rendering of Chelsea Market and Council Speaker Christine Quinn

    The City Council voted unanimously today to approve the rezoning of Chelsea Market, paving the way for developer Jamestown Properties to build a nine-story office tower atop the converted cookie factory.

    Over the course of the approval process, Jamestown had made several concessions to city planning officials and opponents of the project, nixing a plan to build a hotel and earmarking money for affordable housing. [more]

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  • Sandy hits the East River (credit: ZUMA Press)

    What’s the best defense against violent weather? Living in a wealthy country, according to an opinion piece by Charles Kenny in Bloomberg Businessweek.

    That’s because surviving — and recovering from — natural disasters is a pricey undertaking. Not only are infrastructural systems, such as sea walls and well-build structures, expensive, but so are food and medicine when prices rise as supply wanes. [more]

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  • Chelsea Market rendering

    The City Council zoning subcommittee today approved the upzoning of the Chelsea Market block, which will potentially allow Jamestown Properties to build its expansion atop the Chelsea Market structure. Next comes the full Council vote, which is slated for Oct. 30 and will be the final word on whether the plan can move forward.

    However, the approval of the subcommittee is considered to be a last step for the project, as the full Council almost never votes against its subcommittees, Crain’s reported. [more]

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  • The interior and exterior of Chelsea Market

    Jamestown Properties, the development firm behind the controversial expansion of the Chelsea Market, has agreed to amend two aspects of its proposal, according to the Wall Street Journal. Jamestown Properties will not alter certain exterior elements of the 17-building complex between Ninth and Tenth avenues, nor will it change the windows or the facade. Although the precise agreement has yet to be revealed. [more]

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  • From left: a rendering of Chelsea Market and Christine Quinn

    The City Council held a public hearing on the proposed Chelsea Market expansion today, but City Council Speaker Christine Quinn, whose vote is key to the approval of the project, was nowhere to be found. Quinn has not yet taken a position on the expansion, but many attendees had hoped to get a sense of her views at the hearing.

    Jamestown Properties, which owns the market, is seeking to build a nine-story office tower atop the converted Nabisco factory, and had previously planned to construct a hotel on the property as well. But community groups claim the addition could devastate the historic building and increase traffic in the area. [more]

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  • From left: HPD Commissioner Mathew Wambua, 566 West 190th Street and 570 West 190th Street (buildings credit: PropertyShark)

    Ten apartment buildings in Washington Heights have been designated by a group of city officials as “at-risk properties,” buildings that are deteriorating and in danger of falling into further distress, Crain’s reported. As a result, the buildings, located at 566 and 570 West 190th Street, will now be part of the city’s Proactive Preservation Initiative, which monitors properties with liens and violations, Crain’s reported. [more]

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