How empty office buildings could help NYC solve its housing crisis
The city desperately needs more rental housing. Hundreds of obsolescent older office buildings stand near-empty. So why not use one problem to solve the other?
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The city desperately needs more rental housing. Hundreds of obsolescent older office buildings stand near-empty. So why not use one problem to solve the other?
Most people in the room at Commercial Observer’s Fall State of CRE forum would agree: Never bet against New York City.
The NYC Department of City Planning proposes zoning changes that would allow more retail, taller industrial buildings and more science labs.
A new 10-year operating permit for Madison Square Garden approved by the City Planning Commission is designed to ensure the arena owners’ collaboration with plans to rebuild Penn Station beneath it, officials said Wednesday. “We have secured a number of important commitments from Madison Square Garden that will make a real difference to New Yorkers,” City Planning Director Daniel Garodnick ...
The legendary venue and arena Madison Square Garden is being recommended to obtain a new operating permit for Penn Station upgrades.