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NYC's 10 Biggest New Real Estate Projects of 2020

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From top: 355 Exterior Street in the Bronx, 55-15 Grand Avenue in Queens and 700 Atlantic Avenue in Brooklyn (Google Maps)
Planning a new development project in New York City is not for the faint of heart, but some builders remained undeterred in 2020 even in the face of the Covid-19 pandemic, as well as rising anti-development sentiment.
This year saw the defeat of the Industry City rezoning, which would have transformed Sunset Park, as well as the Olnick Organization’s Lenox Terrace expansion. There was a near-miss with the Special Flushing Waterfront District, which was ultimately approved, and in November, the highest court in the state rescued the Inwood rezoning from ruin. ....

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Corey Johnson Introduces Land-Use Framework Bill

Corey Johnson (background) and (from left) Ross Moskowitz, Ken Fisher and Paul Selver (Getty)
The City Council is taking the first step toward transforming how land use decisions are made in New York, but it has a long road ahead.
Council Speaker Corey Johnson will introduce legislation Thursday that would create a new framework for city planning by setting long-term goals for housing, infrastructure, climate resiliency and other resources. The bill lays out a 10-year planning cycle that incorporates more opportunities for community members to weigh in on land use decisions in their neighborhoods.
The proposal follows a series of controversial rezonings and mounting pressure from Council members to change the city’s land use review process. During a press conference on Thursday, Johnson said he didn’t have a timeline for passage of the measure, but that it’s a priority before his term ends next year. He said he is hopeful that the new framework would put communit ....

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Waterfront district coming to Flushing

Despite months of community opposition and numerous protests, the City Council last week gave the Special Flushing Waterfront District the green light, approving a plan that would rezone 29-acres of Downtown Flushing for luxury condominiums, hotels, offices, stores and a new road network.
But its adversaries are not giving up the fight yet.
âCity Council has allowed a massive takeover of 1,700+ luxury apartments and a privatized waterfront with vastly inadequate and unenforceable âconcessions,ââ MinKwon Center for Community Action, one of the leading protesters, said in a statement following the 39-5 vote.
The activist organization is continuing to pursue a June lawsuit challenging the proposalâs omission of an environmental impact statement, which they say should render it and its approval illegitimate. Rather than completing an EIS, the developers conducted a less thorough environmental assessment. ....

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City Council Approves Special Flushing Waterfront District

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City Council approves Special Flushing Waterfront District
Project includes 1,700 residential units, 879 hotel rooms
New York /
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A rendering of the Flushing waterfront and Council member Peter Koo (Rendering via Hill West Architects; New York City Council)
UPDATED, Dec. 10 2020, 4:15 p.m.: The City Council on Thursday voted in favor of a contested $2 billion project planned for Flushing’s waterfront.
The council approved the Special Flushing Waterfront District, a series of zoning changes that pave the way for a 13-building mixed-use development, which will include more than 1,700 residential units and 879 hotel rooms, along with retail and public space. ....

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New York City Council approves Flushing waterfront rezoning

New York City Council approves Flushing waterfront rezoning
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