Real Estate

Echoing the Amazon HQ2 fight, state senators demand a say in Midtown Manhattan redevelopment and hunt for details on vague finances.
Mayor outlines sweeping changes to make housing and other development easier. He’ll need to win over City Council members who just derailed 915 proposed new apartments in Harlem.
Permits are surging during the final days of the 421-a program, which relieves landlords of $1.8 billion a year they say they need to build new housing. Reformers urge a new approach.
Lobbying records indicate Ruben Diaz Jr. is on a six-month $120,000 retainer to lobby the city on behalf of Dynamic Star LLC, the developer behind Fordham Landing. At 40 acres, the anticipated $2 billion development along the Harlem River waterfront dwarfs Hudson Yards.
The nearly 400-foot towers originally had the backing of Rev. Al Sharpton and the promise of a civil rights museum but was vehemently opposed by local elected officials worried about more gentrification in the area.
In 2019, now mayoral Chief of Staff Frank Carone stepped in as fixer for a project with a trail of shaky safety practices, after a 32-year-old woman suffered life-altering brain injuries.
Real estate industry seeks carte blanche to rework older office buildings, as the work-from-home revolution gives edge to neighborhoods with full-time residents.
The 421-a tax incentive costs the state $1.7 billion a year in lost revenue. Builders say, without it, New York’s housing crisis would be even worse. Here’s what to know as Albany debates the discount’s future.
Supertalls proliferated. Cars gave way to busways. Outdoor dining everywhere. Nine neighborhoods have been rezoned. Here’s how the physical city morphed in the last eight years.
Three of New York’s biggest real estate companies are making billion-dollar wagers that pandemic-spurred remote working will give way to a return to buildings. But can they fill millions of square feet of space amid an office glut?
An East 99th Street sanitation garage has been falling down for over 30 years. City Hall promised to find a permanent replacement as the East Harlem rezoning got the green light in 2017. That goal is still far off, locals say.
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The online search giant, which announced plans Tuesday to open a massive Manhattan headquarters, is forgoing the benefits Amazon sought to reap for its ill-fated Long Island City headquarters, THE CITY has learned.
Shopkeepers say the COVID recession proved the precarious position of small business owners. Landlords, staggered by empty storefronts, say they can’t afford restrictions. Now, a last-ditch rent regulation bid is headed to the City Council.
City Planning Commission has power to kill a project projected to steal sunlight from part of the historic green space, or cut it down from a proposed 34 stories. The developer says affordable housing is at stake.
As the city’s economic reopening accelerates, the future of retail in Manhattan — especially in key business and tourist areas — remains unclear. Some clues of what’s to come might be found in a shop that specializes in slime.
Landlord and tenant advocates disagree over the level of residents’ enthusiasm for applying to the state to get back rent paid. But they agree tapping the $2.4 billion aid has been stymied by onerous paperwork and technical glitches.
A 2021 document reviewed by THE CITY lists the mayoral frontrunner as co-owner of the Prospect Heights apartment. And a real estate agent says Adams once foiled a sale — a decade after he allegedly relinquished his stake.
The city added 16,000 jobs last month, the most since August. But much of New York’s employment comeback hinges on when the vaccine rollout convinces office workers and visitors to return.
Despite a barrage of scandals plaguing his administration, Gov. Cuomo is flexing muscle to keep a major development scheme in Midtown on track. The mega-project has met little opposition — until recently. State budget negotiations could be key.
As a neighborhood rallies to rescue Associated grocery on Nostrand Avenue from the bulldozer, landlord alleges a scheme to sabotage planned housing and retail.