Tag: Real Estate

• Summit’s $30M Promise to Repair 5,100 Pinnacle Apartments Lacks Itemized Plan, Escrow or Deadlines

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  Aug 5

  Summit Properties pledged $30 million to repair the former Pinnacle Group rent‑stabilized portfolio after buying it out of bankruptcy, but public statements and city briefings cited so far give only… more ›

• Hunts Point Breaks Ground on Casanova Residences: Mayor Mamdani, Doe Fund Announce 96 100% Affordable Supportive Units — No Construction Timeline Yet

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  Aug 4

  Mayor Zohran Mamdani and partners broke ground Aug. 3, 2026 on Casanova Residences, a 96‑unit, 100% affordable supportive housing development in Hunts Point, Bronx; officials touted a ribbon‑cutting “on time… more ›

• NYC Moves to Speed Housing Approvals: DCP’s ELERP Cuts Zoning Reviews to 90 Days; AHAB Adds 5‑Day Appeal Window

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  Jul 30

  NYC planning officials explained how the new expedited land use review procedure (ELERP) and the Affordable Housing Appeals Board (AHAB) will shorten public review timelines — shrinking many zoning reviews… more ›

• 13527 Sapphire St Preliminarily Selects MIH Option One — 67 Affordable Units Announced, AMI Bands and Rents Still Undecided

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  Jul 30

  New York City Planning Commission public hearing on the 13527 Sapphire Street rezoning in Lindenwood, Queens, recorded July 29, 2026, shows the applicant has preliminarily selected Mandatory Inclusionary Housing (MIH)… more ›

• Coney Island Ave Rezoning at 1455 Coney Island Ave Would Add 300‑Bed Assisted‑Living Facility, Developer Says It Will Create About 630 Jobs

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  Jul 30

  1455 Coney Island Avenue rezoning: City Planning Commission held a public hearing July 29, 2026, on a developer proposal to remap the site from R5/C23 to C4‑5D and build a… more ›

• NYC enforcement recovers $104M for delivery workers; pied‑à‑terre ‘you may be subject’ tax notices mailed — owners face Aug. 21/24 deadlines

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  Jul 30

  Mayor Zohran Mamdani on July 29, 2026 announced that city enforcement of the tipping-transparency law recovered $104 million for delivery workers and answered reporters’ questions about the pied‑à‑terre (non‑primary residence)… more ›

• 240 Nassau Plan Would Finance New Public School with ECF Bonds and 99‑Year Ground Lease of Market Units, City Planning Says

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  Jul 28

  240 Nassau Street finance plan: City Planning Commission review on July 27, 2026 showed the Education Construction Fund (ECF) will issue tax‑exempt bonds, hold title to the new school and… more ›

• Mayor Mamdani unveils five city-run grocery stores with 30% discount and operator RFP — says NYPD arrested suspect in Bronx killing of 12-year-old

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  Jul 28

  Mayor Zohran Mamdani announced a plan for five city-run grocery stores, each offering a 30% discount on essential goods and a request for proposals (RFP) for private operators; he also… more ›

• NYC launches ‘NYC Groceries’ pilot: five city-run stores to offer 30% off essentials — La Marqueta and Bronx Peninsula named, first opening by 2027

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  Jul 28

  Today’s mayoral announcement and agency materials formalized NYC Groceries: a city-run pilot of five grocery stores (one per borough) that will offer a fixed 30% discount on a core basket… more ›

• Mamdani names Tony Shores president, Lena Khan chair of NYC EDC — vows five city-run grocery stores and $100M housing-insurance plan

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  Jul 23

  SEO-OPTIMIZED INTRO Mayor Zohran Mamdani named Tony Shores president of the New York City Economic Development Corporation (EDC) and Lena Khan board chair, and the pair said EDC will prioritize… more ›

• City Council Hears Rezoning for 13‑Story, 119‑Unit Mixed‑Use Tower at 47‑03 108th St in Corona; 30 Units Affordable

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  Jul 22

  A City Council Subcommittee on Zoning and Franchises public hearing on July 22, 2026 examined a private rezoning application for 47-03 108th Street in Corona, Queens, where the applicant is… more ›

• Council Demands Legal Safeguards for $29.7M Hudson River Park Payment from Clinton Park North Developers Amid 10-Year Build Window

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  Jul 20

  The July 16, 2026 New York City Council stated meeting recorded discussion about legal protections for roughly $29.7 million in Hudson River Park Trust payments tied to the Dwight Clinton… more ›

• NYC Council Approves 3,242 New Housing Units — Nearly 1,700 Affordable via MIH and HPD; Monitor Point, Clinton Park North Lead

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  Jul 20

  New York City Council’s July 16, 2026 stated meeting approved land-use applications that the council said will facilitate 3,242 new housing units across multiple neighborhoods, combining Mandatory Inclusionary Housing (MIH)… more ›

• CPC Signs Off on Monitor Point Changes: 300 More Income‑Restricted Units Added, East Building to Be 100% Affordable

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  Jul 16

  The City Planning Commission on July 15, 2026 reviewed City Council modifications to the Monitor Point rezoning in Greenpoint and found those modifications within land‑use scope, noting the changes would… more ›

• CPC Presses 289 Kent Ave Developer to Reserve Ground‑Floor for Light Industry — Applicant Open but No Written Commitment

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  Jul 16

  At a City Planning Commission (CPC) meeting on July 15, 2026, commissioners pressed the applicant for the 289 Kent Avenue rezoning in Williamsburg, Brooklyn, to commit in writing to prioritize… more ›