The Real Deal New York

Posts Tagged ‘Zoning’

  • Rendering of LG Electronics' proposed New Jersey headquarters

    Rendering of LG Electronics’ proposed New Jersey headquarters

    The New Jersey Superior Court has given the go-ahead for LG Electronics to move forward with its plan to build an office tower just beyond the Palisades, according to DNAinfo. [more]

    5 Comments
  • Hudson Square, where Trinity Real Estate seeks to build new towers

    Manhattan Borough President Scott Stringer gave the rezoning of Hudson Square his conditional approval yesterday, though not without extracting some concessions from major landlord Trinity Real Estate, which hopes to erect new residential towers in the area, the New York Observer reported.

    Trinity hopes to build new apartments in what has primarily been a commercial area. The agreement reached yesterday would limit those towers’ height to 290 feet, rather than the 320 Trinity had sought. The rezoning affects 20 potential developments, the Observer said. [more]

    Comments
  • A section of the Department of Buildings map with the Trump Soho circled in black. The key shows that the building is listed as a mixed residential and commercial building

    The Trump Soho is a something of a hybrid: a 391-unit condominium tower with restrictions on how long owners can occupy their apartments—a compromise designed to allow developers Donald Trump, the Bayrock Group and the Sapir Organization to build the project, despite the lot’s commercial zoning.

    But a Department of City Planning map, uncovered yesterday by the Greenwich Village Society for Historic Preservation, lists the parcel at 246 Spring Street as a “mixed residential and commercial building.” The discovery has reignited the non-profit’s doubts about the legality of the luxury tower, and what it sees as the city’s special treatment of the developer. [more]

    1 Comment
  • Robert Yaro, president of the Regional Planning Association

    There is no time like the present to reflect on the state of New York City’s infrastructure. As an op-ed from Crain’s reminds us, the office stock in our city is woefully outdated, and the city has neglected to make a big push to modernize office buildings, as other global cities — such as Chicago, Tokyo and London — have recently done.

    If the city is to continue to attract top-tier businesses, it must build more Class A office space, Robert Yaro, president of the Regional Plan Association, a think tank that tackles urban policy issues in the Tri-state area, said in the piece. While the average age of a building in London’s financial district is 40 years, in Midtown on the east side of Manhattan, that figure is 73 years. [more]

    Comments
  • From left: Councilmember Diana Reyna and the CastleBraid apartments in Bushwick

    As discussions about a Bushwick rezoning bid take shape, some locals are hoping to prevent the neighborhood from becoming the next luxury condominium-filled Williamsburg. The Wall Street Journal reported that community leaders, such as Councilmember Diana Reyna, are seeking to influence the development that some see as inevitable.

    Reyna, for one, wants the rezoning to look different than the one that took place in Williamsburg and Greenpoint seven years ago and paved the way for high-density luxury developments and rental buildings to overtake industrial properties. Reyna, instead, wants low-rise developments to populate the industrial Bushwick, so a strong presence of affordable housing and for local jobs to be preserved. [more]

    1 Comment
  • 145th Street in West Harlem

    In the wake of last week’s City Planning approval of the rezoning of West Harlem, residents are voicing concerns that it will allow “outsized” development, the New York Observer reported.

    Locals are especially concerned about the size of building allowed on West 145th Street, the Observer said, and have written to the City Council asking that they reject the proposal. The rezoning will reach City Council in the next month or so, the paper said. [more]

    Comments
  • Astoria euphoria

    September 13, 2012 11:00AM

    From left: Vickie Palmos of Astoria Condos, Charles Sciberras of Realty Executives Today, Harold Valestin of MNS and Jonathan Miller, President and CEO of Miller Samuel

    From the September issue: It used to be that Astoria, Queens, was an ethnic Greek enclave dominated by an older housing stock of prewar buildings and one- and two-family homes. But in the last few years, the neighborhood, which has been gentrifying over the last decade or so, has continued to see lots of new residential development, and with it, more young professionals looking for new construction housing at the right price.

    This month, The Real Deal talked to residential brokers and market analysts about how real estate in Astoria is holding up. [more]

    Comments
  • Southampton Village Mayor Mark Epley and Evelyn Konrad

    Long-time resident of Southampton Village and Stanford law graduate, Evelyn Konrad, 83, is taking her wealthy neighbors to court over their super-sized McMansions, the New York Daily Post reported. The suit alleges that Southampton Village Mayor Mark Epley revised the local zoning codes after his 2005 election to allow huge houses on small lots, as a favor to his Wall Street tycoon comrades – the suit also names Lone Star Funds CEO Donald Quintin and Manhattan attorney Denis Guerin. [more]

    Comments
  • Jamaica Avenue

    In an effort to preserve the suburban character of the area, City Council voted to approve the rezoning of approximately 200 blocks in Woodhaven and Richmond Hill – the first zoning changes to the neighborhoods since 1961 – to limit multi-family construction, the Queens Chronicle reported.  Pressure to rezone the area came after developers had begun demolishing freestanding homes and replacing them with apartment complexes to appeal to the many low-income and immigrant families moving to the area. However, the council did modify the proposal to allow larger-scale development on the block between 135th Avenue and Van Wyck Expressway north of Liberty Avenue. [more]

    1 Comment
  • A single family home in Arlington, Mass.

    While housing family members, and sometimes paying tenants, in basements and attics may not always be legal under city zoning, more and more families have found it necessary during the recession. Now homeowners are pressing for cities to ease those restrictions, the Wall Street Journal reported.

    Richard Lacroix, a resident of Arlington, Mass., asked his town to allow him to convert his garage to a studio apartment that he can rent out, partly because he has seen so many of his neighbors leave the area because they can no longer afford their homes. [more]

    Comments
  • From left: the Upper West Side and City Councilmember Gale Brewer

    The City Council voted Thursday to approve the controversial re-zoning of the Upper West Side. The zoning revision will limit the size of retail stores on Broadway and Columbus and Amsterdam avenues, from 72nd to 110th Street on Broadway and Amsterdam, and from 72nd to 87th Street on Columbus, The New York Times reported. [more]

    Comments
  • Drooling over Bushwick

    June 15, 2012 04:00PM


    The CastleBraid apartments at 114 Troutman Street in Bushwick

    From the June issue:  Much like once-obscure Soho in the 1980s, Bushwick is a magnet for today’s artists and hipsters. And real estate players are now hoping to get in on the action.

    Developers are salivating over sites in Bushwick, industry experts said, especially as nearby Williamsburg has transitioned from a gritty industrial area to an expensive residential neighborhood. Bushwick is still relatively affordable in comparison, but is seeing strong demand for rental housing. [more]

    Comments
  • From left: Council member Stephen Levin and the Williamsburg waterfront

    In exchange for their blessing to revise Williamsburg and Greenpoint zoning laws to encourage new luxury apartment developments in 2005, they city promised community leaders that public parks and 3,500 of units of affordable housing would be built. Seven years later the city is struggling to keep up its end of the bargain, according to the Wall Street Journal. [more]

    Comments
  • City Planning Commissioner Amanda Burden

    The Department of City Planning proposed zoning changes that aim to reduce the required number of parking spots developers must build for Downtown Brooklyn residential buildings, Crain’s reported. City Planning sent the proposal to Brooklyn Community Board 2 and Brooklyn Borough President Marty Markowitz in an effort “to better reflect actual parking demand in Downtown Brooklyn,” said the department in its zoning amendment.

    Downtown Brooklyn developers must create four parking spaces for every ten residential units in their buildings, which has increased building costs while making for a parking space surplus. City Planning’s proposal centers on cutting that required number in half to two parking spaces for every 10 residential units. [more]

    Comments
  • Strivers Row in Harlem

    Manhattan Community Board 10 has devised a plan to landmark more Harlem properties in nine study areas and make development around the neighborhood more uniform, NY1 reported. It has been approved by the community board and awaits an eventual vote from the Landmarks Preservation Commission and the Department of City Planning.

    The proposal includes a range of landmark distinctions, such as “individual” landmarks based on building exteriors, interiors and scenic and historic districts, such as the extensions of Strivers Row and Mount Morris Park. [more]

    Comments
  • L&L Holdings Chairman David Levinson and 425 Park Avenue

    L&L Holdings will have to wait until 2015 before it can begin developing Park Avenue’s first new office tower in more than 30 years. According to the New York Post, that could be a blessing. The Bloomberg administration has begun pushing a rezoning of office buildings in the Grand Central area that would lift restrictions on new buildings. [more]

    Comments
  • Manhattan Beep Scott Stringer

    Now that support for the Upper West Side retail rezoning has moved beyond local advocates and to the borough president’s office, other communities are beginning to consider similar legislation.

    Crain’s reported that community boards in Tribeca, the East Village and Upper East Side are weighing restricting storefronts in order to preserve mom-and-pop shops and encourage a particular set of retail tenants. The Tribeca and East Village-Lower East Side advocates are focusing on the loss of local businesses and the saturation of night life in the areas. [more]

    Comments
  • Frederick Douglass Boulevard in Harlem

    One of City Planning Commissioner Amanda Burden‘s first rezonings, the 44-block stretch from 110th to 124th Streets and Morningside Park to Adam Clayton Powell Boulevard, has had mixed results, the New York Times reported.

    While the business strip along Frederick Douglass Boulevard has seen an influx of stores — such as Patisserie des Ambassades, a West African bakery, Levain, a cookie shop and Lido, an Italian restaurant — of late, a number of chain stores have also come to the area. [more]

    Comments
  • Max Gurvitch and his proposed development site (credit: Google Maps)

    A developer’s plan to build 13 single-family homes in the Richmond section of Staten Island is meeting opposition from local residents, politicians and environmental advocates, the Staten Island Advance reported.

    Brooklyn-based developer Max Gurvitch has proposed to build in the Special Natural Area Zoning District that includes valuable freshwater wetlands on a 6.8-acre lot bounded by Richmond and St. Andrew’s roads, Wilder Avenue and Mace Street. Gurvitch’s firm, Island Realty Associates, acknowledges that the site contains freshwater wetlands and areas adjacent to wetlands. [more]

    Comments
  • The much-maligned retail rezoning proposal on the Upper West Side has inspired community boards throughout the city to consider similar regulations for its streets. According to the New York Post, ideas for comparable restrictions — meant to curb the proliferation of banks, chain drug stores and other national retailers — are being kicked around the Upper East and Lower East sides. [more]

    2 Comments
MENU