The EB-5 program, which one New York real estate banker likened to “legalized crack cocaine,” demands reform. But it looks the Trump administration might expand rather than curtail it.
In 2004 the island was rezoned to preserve suburban character and restrict population growth. Now islanders have decided they want a thriving downtown as well as quiet streets, so the…
Board members like some aspects of the city’s proposed rezoning of downtown Far Rockaway, but have concerns ranging from the impact of additional density on neighborhood infrastructure to a lack…
Hoping to improve tenant engagement, NYCHA said it would let a group of residents review bids for a new mixed-income housing project at a Brooklyn development. But the authority balked…
‘We’re not offering a building like for the billionaires on 57th Street,’ the developer explained. ‘We’ll have apartments at $2 million up to maybe $5 million.’ Bargains like that threaten…
A fifth of apartments at the 111th street project will be for families making below $24,480, and one fourth of units will be permanently rent-restricted.
Advocates want the city to require developers who take advantage of rezonings to hire local residents for construction jobs. The city fears a legal challenge, but San Francisco and Los…
There’s never much doubt that the new development envisioned during a debate over a neighborhood rezoning is going to arrive. What of the promises that help the mayor get the…
The protestors called on the de Blasio administration to take on a broader rezoning of the area in order to control development. But the mayor isn’t the only politician who…
