Dec. 6, 2024 By Colum Motherway Mayor Eric Adams’ controversial zoning reform plan, “City of Yes,” was approved by the New York City Council on Thursday, Dec. 5, with a 31-20 vote. The approval marks a significant step in the city’s efforts to address its ongoing housing crisis, though it remains highly contentious, particularly…
Dec. 4, 2024 By Ethan Marshall New York City has launched a housing lottery for 60 units at Trylon Tower, a 16-story residential development in Rego Park. Located at 98-81 Queens Blvd., Trylon Tower features 170 residential units, with 110 offered at market rate. Of the 60 remaining units, 17 have been designated for…
Dec. 4, 2024 By Ethan Marshall Permits have been filed for the construction of a new 9-story residential building at 35-20 149th St. in Flushing. Located between 35th Avenue and Northern Boulevard, the proposed development would rise to a height of 91 feet and provide 23,102 square feet of residential space spread across 29…
Nov. 27, 2024 By Ethan Marshall New York City retained its title for having the most zip codes with the highest median rent in the United States in 2024, according to a report by the real estate firm RentHop. For the second consecutive year, the report found that New York City accounts for 39…
Nov. 26, 2024 By Ethan Marshall New York City leads the United States in formerly industrial and retail spaces being converted into self storage over the last decade, according to a report by the self storage listing site Storage Cafe. In addition to having an abundance of industrial, commercial and office buildings that have…
Nov. 25, 2024 By Shane O’Brien Queens Community Board 3 voted overwhelmingly to approve modifications to zoning regulations for the planned $8 billion Metropolitan Park development at a fiery monthly meeting at Queens Public Library (QPL) Langston Hughes Thursday night. More than 100 people crowded into the auditorium at QPL Langston Hughes at 100-01…
Nov. 25, 2024 By Colum Motherway Council Members Robert Holden and Joann Ariola have issued strong statements opposing the progression of Mayor Eric Adams’ controversial ‘City of Yes’ zoning reform plan through the City Council. The plan, which underwent slight modifications to strike a final deal with the council, includes a $5 billion commitment…
Nov. 20, 2024 By Ethan Marshall Competition among renters in New York City cooled in October 2024 to the degree that 19.7% of listings were offering concessions on rent, marking the highest level in the city since July 2021 at 22.7%, according to a report by the real estate listing site StreetEasy. The rise…
Nov. 20, 2024 By Ethan Marshall Northwest Queens experienced year-over-year increases in October 2024 of new leases being signed for the 13th straight month and of listing inventory for the ninth month in a row, according to a report by the real estate firm Douglas Elliman Real Estate. The signing of new leases across…
Nov. 15, 2024 By Czarinna Andres A new rendering has been revealed for 93-47 Sutphin Blvd., a proposed 27-story hotel in Jamaica. Designed by GF55 Architects and developed by Able Management Group, the $54 million project will feature 225 guest rooms under the Hilton Garden Inn brand. The property is owned by Station Plaza…