More than 21 years after it was announced, the Atlantic Yards/Pacific Park megaproject has delivered the Barclays Center and eight towers, but remains about half-finished. With foreclosure pending and an affordable…
Only after a local councilmember’s push did landlord Avanath meet with the tenant group at 38 Sixth Ave., but progress has come slowly, and tenants scorned a proposed partial rent…
The developer and MTA have come to agreement on the platform needed for three towers, but Greenland USA won’t proceed without a key tax break. As Empire State Development floats…
The developer’s failed promise to build a glass-enclosed public plaza in front of the Barclay’s Center is a bad sign for its other pledges to the community yet to be…
One big problem with Community Benefits Agreements (CBAs), experts say, is that they’re not laws, but rather private contracts between a developer and community groups. And if those groups aren’t…
Once a seemingly promising structure to ensure that real estate groups don’t run roughshod over local neighborhoods in development deals—and still a common practice in other cities—CBAs are now disdained…
A 2005 media event promised more affordability than what’s been produced. The next mayor may face tough decisions, as 876 more income-linked units must be built in four years.
From the Amazon MOU to the BAM site, alluring menus of public benefits are often dangled as the payoff for large subsidies and lucrative development rights. The project formerly known…
The emails show a developer scripting quotes from a grateful new tenant; a mayoral aide transforming a corporate press release into a governmental statement; and a lack of support from…
