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News
Empire State Development Awards $22M for Mid-Hudson Housing Projects
9+ hour, 56+ min ago (253+ words) Housing developers and construction stakeholders in New York’s Mid-Hudson region are receiving additional public funding as the state directs $22 million toward three developments expected to advance nearly 830 homes. Empire State Development announced the final awards Sept. 8, completing a $150 million regional…...
Tony Dapolito Still Faces Doomed; New Tower Plan Revealed: CB2
12+ hour, 15+ min ago (522+ words) The Parks Department has updated Community Board 2 on their plans to design a new affordable housing and recreational tower in the West Village, a process that would appear to include demolishing the landmarked Tony Dapolito Recreation Center. The latter building,…...
Plan to expand affordable housing building proposed for Yonkers
11+ hour, 14+ min ago (223+ words) The YIDA at its Sept. 11 meeting voted to begin the process of considering a request from Claudius for financial incentives. Claudius said it would be seeking a 30-year PILOT (payment in lieu of taxes) agreement along with sales tax and…...
Moves to avoid delays to 'important' York housing development backed
1+ day, 3+ hour ago (419+ words) MOVES to avoid potential delays to a York housing development have been approved. City of York Council's executive has given the go ahead to buy stores and garages at the Willow House site through a compulsory purchasing order (CPO) if…...
Red Hook concrete manufacturer becomes NYC's first approved by NYSDOT
3+ day, 12+ hour ago (478+ words) Real Journalism. Written by Real People. While only a small share of concrete production worldwide, pre-cast concrete is quickly growing in popularity. “Often it is more practical or much more cost-effective to produce the concrete off-site as a prefabricated piece…...
NYC mulls property tax break for $2.7 billion Hudson Yards tower
3+ day, 9+ hour ago (941+ words) The Spiral, left, and the Hudson Yards skyline. NEW YORK (BLOOMBERG) -- New York is considering a $100 million property tax break for a new Hudson Yards skyscraper proposed by developer Tishman Speyer, in what would be the largest economic subsidy since…...
NYC mulls $100M tax break for 99 Hudson Boulevard
3+ day, 11+ hour ago (359+ words) Tishman Speyer's application to the city's Industrial Development Agency puts construction at $2.7 billion and a January start date. 99 Hudson is expected to open in 2030, and "will transform a long-vacant lot into a world-class office space while generating jobs, tax revenue…...
Hochul Pitches IBX Transit-Oriented Housing 'Dream"
3+ day, 12+ hour ago (490+ words) Gov. Hochul’s vision for the proposed Interborough Express light-rail between Brooklyn and Queens includes a hell of a lot more housing — despite the caterwauls of opponents who’d rather the city not make room for more people, the governor said Wednesday....
Two Supermarkets Ink Deals Along Brooklyn’s Atlantic Avenue
3+ day, 14+ hour ago (346+ words) Two new supermarkets are coming to Atlantic Avenue in Prospect Heights, Brooklyn. The grocers will arrive at two of EMP Capital Group’s newly developed residential projects two blocks apart at 880 Atlantic Avenue and 1042 Atlantic Avenue, Commercial Observer has learned. In…...
Gov. Hochul Announces Updates to Interborough Express Project
3+ day, 15+ hour ago (309+ words) On Sept. 9, Governor Kathy Hochul announced that the MTA has made progress on its design and environmental review phase of the Interborough Express between Brooklyn and Queens. The IBX, announced last August, will offer transit between historically underserved communities in…...