For decades, City Council members have pondered commercial rent control and other ways to keep New York City’s retail corridors filled with the stores they want, rather than leave matters to landlords and tenants. Unable to get rent control or a vacancy tax to a vote, they settled for a precursor: a vacancy survey. The New York City Council passed in July 2019 what was dubbed the Storefront Tracker Bill. Under the legislation, the Department
Key support for Howard Hughes’ South Street Seaport project hinges on a $50 million investment in a local museum — but the city hasn’t figured out how to deliver the money. The developer pledged $50 million to the Seaport Museum, but finalizing the endowment has proven a challenge. At a City Planning Commission hearing Wednesday, Manhattan Borough President Gale Brewer said she would withhold her support for the project until the money was secured. She
New York City officials are vowing to reverse a law allowing luxury developers to install two separate entrances in new residential towers — one for residents paying at market rate and another for low-income residents who qualify for affordable housing. Such buildings include affordable housing units so that developers can receive tax credits.