Cuomo provides details on when real estate, retail can reopen

Real estate part of phase 2, but “long time” before downstate will be ready

TRD New York /
May.May 04, 2020 02:20 PM
Governor Andrew Cuomo (Photo by Lev Radin/Pacific Press/LightRocket via Getty Images)

Governor Andrew Cuomo (Photo by Lev Radin/Pacific Press/LightRocket via Getty Images)

Starting next week, New York will gradually start to reopen, with real estate businesses among the second phase of sectors permitted to open their doors.

Gov. Andrew Cuomo said on Monday that real estate, retail, finance, insurance, administrative support and professional services will be among the second set of businesses to reopen as the state winds down his “New York On Pause” order. Construction and manufacturing businesses, along with select retail in the form of curbside pickup, will be the first to start back up.

The governor’s stay-at-home order is set to expire May 15, at which time only areas of the state that meet certain criteria — laid out by the Centers for Disease Control and Prevention — will be able to start reopening. Cuomo listed seven different requirements regions must meet, including a 14-day decline in hospitalizations, or fewer than 15 hospitalizations per day; and a 14-day drop in coronavirus-related hospital deaths, or fewer than five deaths per day.

As of Monday, New York City only met three of the seven metrics, including the decline in hospitalizations and virus-related deaths.

“This state has different regions that are in much different situations than other regions of the state,” Cuomo said. “If upstate has to wait for downstate to be ready, they are going to be waiting a long time.”

Restaurants and hotels will reopen as part of the third phase, while arts, entertainment, education and other forms of recreation will be part of the fourth. While the state determined that real estate is considered an essential business, in-person transactions and showings have been restricted. Many types of construction have also been permitted to continue, including work on affordable housing projects and for other essential businesses. The city has cracked down on some sites where unauthorized work was being performed.

More than 24,000 deaths in New York have been officially attributed to Covid-19. The governor said 226 people died Sunday, the lowest single-day count seen in more than a month.

Write to Kathryn Brenzel at [email protected]


Related Articles

arrow_forward_ios
Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

Owners of some residential properties can’t hide behind
LLCs anymore
Governor Andrew Cuomo and 538 Johnson Avenue in Brooklyn (Credit: Google Maps and Getty Images)

Landlords take another hit: Cuomo signs expanded Loft Law

Landlords take another hit: Cuomo signs expanded Loft Law
Governor Andrew Cuomo (Credit: Getty Images)

Cuomo wants to exempt NYC from prevailing wage bill

Cuomo wants to exempt NYC from prevailing wage bill
(iStock)

UK home prices hit a low not seen since 2012

UK home prices hit a low not seen since 2012
San Francisco Supervisor Dean Preston and San Francisco Apartment Association Executive Director Janan New

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions
Malls are hemorrhaging retailers left and right. What will happen with all that space? Some could be converted into apartments and condominiums. (iStock)

Retail-to-residential conversions are in cards at America’s doomed malls

Retail-to-residential conversions are in cards at America’s doomed malls
Photo illustration of Gov. Andrew Cuomo, Judge C. Stephen Hackeling and Chief Justice Lawerence Marks (Getty, iStock)

Judge rules evictions guidance unconstitutional, moratorium invalid

Judge rules evictions guidance unconstitutional, moratorium invalid
Related chairman Stephen Ross and Related Companies Portfolio CEO Richard O’Toole withBronx Terminal Market and Time Warner Center (Getty, Google Maps, Wikipedia)

Related lays out $200M debt settlement plan for Tel Aviv bondholders

Related lays out $200M debt settlement plan for Tel Aviv bondholders
arrow_forward_ios

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

Loading...