NYC developers, builders unite to stave off excessive landmarking

New York /
Jun.June 07, 2012 08:30 AM

The Bloomberg administration’s aggressive landmarking is apparently a common enemy grave enough to unite real estate and labor groups that are traditionally at odds. Crain’s reported that the Real Estate Board of New York has joined with the New York Building Congress, the Manhattan Chamber of Commerce, the Building Trade Employers’ Association, the Community Housing Improvement Program, the Council of New York Cooperatives and Condominiums, the Building and Construction Trades Council of Greater New York and 32BJ SEIU to form the Responsible Landmark Coalition. The group hopes to limit the amount of sites designated as landmarks.

Mayor Michael Bloomberg has designated more historic district that any other administration and in the last 10 years the Landmarks Preservation Commission has created 35 new historic districts and 227 individual landmarks to cover a total of 5,962 buildings. Last year, more buildings were designated than in any year since 1990.

The real estate interests in the group claims that protecting these buildings stifles development and contributes to a housing shortage, while the workers’ representatives worry that this lack of new development would limit construction jobs.

But preservationists counter that the city’s landmarking measures help ensure it remains unique, which helps attract tourism. Further, they note that groups have been using similar arguments for years yet development has managed to endure. [Crain’s]


Related Articles

arrow_forward_ios
John Banks
High expectations: A look at John Banks’ 4 years at REBNY
High expectations: A look at John Banks’ 4 years at REBNY
John Banks
John Banks to step down as REBNY president
John Banks to step down as REBNY president
REBNY Awards
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
RAB president Howard Rothschild and 32BJ president Kyle Bragg. (Getty, 32BJ, LinkedIn via Howard Rothschild)
32BJ, landlords reach multi-year deals on guards, window cleaners
32BJ, landlords reach multi-year deals on guards, window cleaners
(iStock)
Broker confidence rebounds after challenging year: REBNY
Broker confidence rebounds after challenging year: REBNY
Legal Aid’s Judith Goldiner and REBNY’s James Whelan have teamed up. (Getty, REBNY, Legal Aid)
REBNY, Legal Aid team up to push for more rental assistance
REBNY, Legal Aid team up to push for more rental assistance
From left: 2-10 54th Avenue in Long Island City, 355 Exterior Street in the Bronx and a rendering of 145 Wolcott Street (Google Maps, Arquitectonica, iStock)
Construction activity dips for fourth straight year: REBNY
Construction activity dips for fourth straight year: REBNY
Mayor Bill de Blasio and Gov. Andrew Cuomo (Getty; iStock)
Investment sales fell by half in December to finish year down 48%
Investment sales fell by half in December to finish year down 48%
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...