$2 Billion Development in Queens to Be Approved Amid Housing Crisis
The Innovation Queens project will, after weeks of contentious negotiations, include 1,400 affordable units out of more than 3,000 new homes.
Source: nytimes.com
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Housing plans could stall in the absence of 421-a
Getting a new version of the tax break approved by the state Legislature will be a top priority for the Adams administration next year, top officials have said.
Source: politico.com
With return to office still up in the air, commercial property managers hold steady on acquisitions
Despite flat acquisition rates at most firms, Cushman & Wakefield increased its portfolio by roughly 10%
Source: crainsnewyork.com
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NYC Councilwoman Julie Won supports Innovation QNS in Astoria
In a significant change of heart, Won announced Monday afternoon she’s ready to support the Astoria, Queens rezoning efforts, all but ensuring that the massive project in her district will get the final thumbs up from the full Council.
Source: nydailynews.com
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NYC Council moves forward with Innovation Queens in Astoria
The 7-0 subcommittee vote means the proposal, known as Innovation Queens, will be sent to the Council’s Land Use Committee for a vote on Monday. That will give the developers, Mayor Adams’ administration and New York City Councilwoman Julie Won, who represents Astoria, where the project is planned, time to hash out details.
Source: nydailynews.com