New City Council bill could make life hell for some developers

REBNY says Intro 1685 will "degrade" planning process

TRD New York /
Nov.November 01, 2017 02:45 PM

Margaret Chin and renderings of the development in Two Bridges

Watch out, developers! A new City Council-approved bill could provide members with the ability to fight against as-of-right development.

If Mayor Bill de Blasio signs Intro 1685 into law, the Committee on Land Use, the mayor and the borough presidents could file zoning applications without a pre-application statement, Politico reported. The bill is designed to get proposals to land use review quicker, but it may also allow local members to fight as-of-right developments that don’t have go pass that land use review process, according to the publication.

The Real Estate Board of New York is against the legislation, claiming it would “degrade the process” and “promote ill-considered ad hoc decision making.”

Council member Margaret Chin, who is sponsoring the bill, said it’s a good thing that REBNY is opposing the potential law. The laws could seriously affect JDS Development Group, Starrett Corporation and L+M Development Partners and CIM Group’s three projects in the Two Bridges area, for example.

“The bill to submit a complete land use application, without having to jump through bureaucratic hoops, must be allowed to give our communities a fighting chance in this war against over development,” she said, according to Politico. “For too long, Lower Manhattan has been subject to as-of-right, super tall structures… if the Real Estate Board of New York is afraid of this bill – good!”

The Department of City Planning also opposed the bill. [Politico]Miriam Hall


Related Articles

arrow_forward_ios
Nightingale’s Eli Schwartz and 111 Wall Street (Credit: Google Maps)

Nightingale, Wafra seek $860M to redevelop 111 Wall Street

Nightingale, Wafra seek $860M to redevelop 111 Wall Street
A rendering of the Flushing waterfront and Council member Peter Koo (Rendering via Hill West Architects; New York City Council)

City Planning considers controversial Flushing waterfront rezoning

City Planning considers controversial Flushing waterfront rezoning
State Sens. James Gaughran, Brian Kavanagh and Kevin Thomas (NY Gov; Getty)

State Senate hearing confronts racial bias by brokers

State Senate hearing confronts racial bias by brokers
Clockwise from left: 950 University Avenue in the Bronx, 27-55 Jackson Avenue in Queens, 149 Pioneer Street in Red Hook and 416 Metropolitan Avenue in Williamsburg (Google Maps)

EB-5 investor snags Hunters Point resi development: Mid-market sales report

EB-5 investor snags Hunters Point resi development: Mid-market sales report
Andrew Kimball and Carlos Menchaca with a rendering of Industry City (Getty)

Where’s the mayor? Council members say de Blasio’s MIA on Industry City rezoning

Where’s the mayor? Council members say de Blasio’s MIA on Industry City rezoning
(iStock)

Proposed cost caps for MCIs deemed “lose-lose” for tenants, landlords

Proposed cost caps for MCIs deemed “lose-lose” for tenants, landlords
The apartment complex (CBRE)

US sells Hong Kong consulate apartments at big discount: $7K psf

US sells Hong Kong consulate apartments at big discount: $7K psf
From left: Charles Bendit, Douglas Durst, Douglas Eisenberg, Bill de Blasio, Jeff Blau and Kathryn Wylde (Getty)

NYC real estate execs to de Blasio: Bring this city back

NYC real estate execs to de Blasio: Bring this city back
arrow_forward_ios

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

Loading...