Articles by James Kelly

Abandoned buildings blight Flushing Avenue

Abandoned buildings blight Flushing Avenue

Photos by Alex Hansen, www.alexhansenphotography.com Across the street from the affordable housing complex Marcy Houses lies a block of Flushing Avenue that has been particularly hard-hit by recent construction stops. The block, which is...

Abandoned buildings blight Flushing Avenue
Q & A with South Bronx redevelopment expert Phillip Morrow

Q & A with South Bronx redevelopment expert Phillip Morrow

Phillip Morrow is the president and CEO of SoBro, the non-profit South Bronx Overall Economic Development Corporation, whose goals...

Q & A with South Bronx redevelopment expert Phillip Morrow
Hunter College helps out Muss condo-to-rental conversion

Hunter College helps out Muss condo-to-rental conversion

Muss Development has converted its luxury condominium project in East Harlem called 119th and Third to a rental, with...

Hunter College helps out Muss condo-to-rental conversion
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Manhattan new building permits drop 70%

New building permits issued in the first five months of the year showed a year-over-year drop in all five boroughs for the second year in a row, according to data prepared by the Department...

Manhattan new building permits drop 70%
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New 421-a rule could save stalled projects

A policy change last week affecting applications for 421-a tax exemption could help save the tax rebates for a lot of projects that got into the ground last year. The Department of Housing Preservation...

New 421-a rule could save stalled projects
Home assurance options, tuition credit spur interest in Riverdale new development

Home assurance options, tuition credit spur interest in Riverdale new development

Sales at new condo developments in Riverdale have been slowly sputtering along since the boom in 2006. But now,...

Home assurance options, tuition credit spur interest in Riverdale new development
Hudson secures $43M for green East New York project

Hudson secures $43M for green East New York project

Hudson Development received $43 million in financing last week for an East New York project that will be the...

Hudson secures $43M for green East New York project
Conway Stores takes space at Related’s Gateway Center

Conway Stores takes space at Related’s Gateway Center

Rendering of the Gateway Center at Bronx Terminal Market New York City-based discount department store Conway Stores has taken...

Conway Stores takes space at Related’s Gateway Center
Related faces opposition to 92nd Street tower

Related faces opposition to 92nd Street tower

A showing of over 100 Upper East Side residents yesterday and speeches made by politicians were a testament to...

Related faces opposition to 92nd Street tower
Foreclosure program seeks volunteer attorneys to help homeowners

Foreclosure program seeks volunteer attorneys to help homeowners

The Federal Reserve Bank of New York and the City Bar Justice Center are working to recruit more attorneys...

Foreclosure program seeks volunteer attorneys to help homeowners
Federal law could jumble NYC appraisals

Federal law could jumble NYC appraisals

A federal law that will soon bump up the involvement of appraisal management companies nationwide could have a negative impact on the accuracy of valuations in the New York City housing market, local appraisal...

Federal law could jumble NYC appraisals
Stimulus money could help retrofit New York office buildings

Stimulus money could help retrofit New York office buildings

New York City’s slice of the billions of dollars in federal money outlined by the Treasury Department in the...

Stimulus money could help retrofit New York office buildings
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Ridgewood Theatre up for landmarking

 Ridgewood Theatre, then (left) and now The 92-year-old Ridgewood Theatre at 55-27 Myrtle Avenue in Ridgewood, Queens, is up for designation by the city’s Landmarks Preservation Commission. A hearing on whether to designate the...

Ridgewood Theatre up for landmarking
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Buyers look to 40-year-old federal law to revoke contracts

From left: Laurel and Chelsea Stratus Hundreds of condo buyers in new developments in Manhattan, Brooklyn and Queens are...

Buyers look to 40-year-old federal law to revoke contracts
Closing service thrives in downturn

Closing service thrives in downturn

In yet another sign of the slowing new development market, Closers Consulting, a service that assists in coordinating the closing process in new development sales, has seen a marked increase in client interest over...

Closing service thrives in downturn
Price cuts at city’s first LEED Platinum mixed-use building

Price cuts at city’s first LEED Platinum mixed-use building

What is on track to be the city’s first LEED Platinum mixed-use project is expected to be completed in...

Price cuts at city’s first LEED Platinum mixed-use building
Dock Street Dumbo rezoning gets nod

Dock Street Dumbo rezoning gets nod

Two Trees Management has kicked off the seven-month Uniform Land Use Review Procedure for its Dock Street Dumbo project on the right foot this time, getting a nod from the local community board at...

Dock Street Dumbo rezoning gets nod
Homeowners face more foreclosures

Homeowners face more foreclosures

A quarterly report released by PropertyShark today shows an optimistic, if misleading, decrease in foreclosures in New York City in the fourth quarter. Foreclosures in the fourth quarter of 2008 showed a steep 32...

Homeowners face more foreclosures
Fate of Toll Brothers’ Gowanus project looks positive

Fate of Toll Brothers’ Gowanus project looks positive

Toll Brothers could be one step closer to building its massive Gowanus project in Caroll Gardens. The City Planning...

Fate of Toll Brothers’ Gowanus project looks positive
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NYC shows foreclosure spike

New York City showed a 13 percent increase in foreclosures in August, compared to the previous month, according to a monthly report from PropertyShark.com. New York was the only of four markets surveyed in...

NYC shows foreclosure spike
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