Archinect - News

New York's bold 'City of Yes' vision gets approved by City Council

2024-12-11T18:44:00-05:00

Last week, the New York City Council voted to approve an amended version of the Adams Administration's 'City of Yes' housing vision for 80,000 new homes over the next 15 years.

This will require a $5 billion public investment and comes with several key inclusionary zoning (including ADUs, office conversions, the removal of parking requirements, etc.) changes to help deliver on the promise. New York City has been suffering an affordability crisis for several years. Speaking to the media, Adams framed its passing as being both historic and a victory for working class New Yorkers.

We featured the New York Times' recent explanation of underlying factors influencing the 'City of Yes' plan before its approval.

Unpacking the factors behind New York City's complex housing crisis

2024-11-26T14:29:00-05:00

The New York Times recently outlined some of the facts underpinning NYC’s housing crisis ahead of an upcoming final City Council vote on Mayor Eric Adams’ amended ‘City of Yes’ zoning overhaul plan for 80,000 new residential units on December 5th.

Among the interesting takeaways: only 10% of zoned residential lots allow for the construction of high- or moderate-density buildings through "as of right" development. The plan also calls for ADUs and a framework to fund office conversions, which account for 20,000 units. Currently, the rate of new apartment construction in the city is still at historic lows. The Regional Plan Association estimates there will have to be 473,000 more units of housing by 2032 to match its current needs. (h/t Forbes.)

New York could bring back congestion pricing under revised plan

2024-11-14T09:48:00-05:00

New York’s Governor Kathy Hochul has indicated the return to congestion pricing could be imminent before the new year. ABC7 reports: "Along with announcing a revised congestion pricing proposal, setting the base fare at $9 instead of $15, she is expected to discuss an alternate revenue source to make up for the lost $6, a 40% decrease in revenue."

The move comes after a last-minute pause right before its originally scheduled start in June and in anticipation of the second Trump administration’s return to the White House. The plan will ultimately work to alleviate the MTA's large budget deficits, which are projected to reach $900 million. Several lawsuits have attempted to halt it otherwise. Kate Wagner recently pointed to congestion pricing as an area for architects to invest their energies in as "agents of change."

New York City previews initial pedestrian-minded ‘Future of Fifth’ redesign proposal

2024-10-21T18:51:00-04:00

The full details for a proposed new pedestrian corridor along Fifth Avenue in Midtown Manhattan designed by Field Operations have been released by the city in anticipation of the first redesign of the famous thoroughfare in its 200-year history.

The plan covers a swath from Central Park South to Bryant Park, expanding sidewalks in the area by 46% and reducing the number of lanes for motor vehicle traffic from five to three.

Arcadis and Sam Schwartz Engineering are joining Field Operations as the co-leads of the design and study. Their work expands on the previous mayoral administration’s Open Streets program. The city says the plan is "projected to pay for itself in less than five years through increased property and sales tax revenue."

Image courtesy of City Hall

Aside from the stated economic benefit the redesign is meant ultimately to solve an existing spatial imbalance, as 70% of Fifth Avenue's current daily traffic is pedestrians.

At this volume—which increases during times wh...

NYC forms task force to search for housing opportunities on gov't owned land

2024-08-26T14:53:00-04:00

New York City Mayor Eric Adams has announced the formation of a new multi-agency task force aimed at finding city-owned land and properties that can be redeveloped in the interest of putting an end to its greatest housing crisis in more than 50 years.

According to amNewYork, the new City Housing Activation Task Force is operating under a directive to “review all land under the ownership and control of the city or of other participating and cooperating agencies and entities … to identify potential sites for housing development and to determine if such sites could be used to further housing production … without disruption to critical operations."

Former NYCEDC President Maria Torres-Springer is leading the task force. It expands on the 'City of Yes for Housing Opportunity’ proposal that was launched by the Adams administration in September of 2023.

Kate Wagner: Rescinding progress means architects must become the agents of change

2024-08-12T12:23:00-04:00

Organizing at the community level and putting pressure on politicians can go a long way, but it’s not enough. Architects have to start seeing themselves as political actors with high stakes in the same way communities and unions do. Architects are workers and they depend on work. The fight for climate justice, resiliency, and workers’ and tenants’ rights are only going to get harder in an era of political decay, cronyism, and systemic crisis.

The fight over congestion pricing and residential building retrofits in New York City are just a couple of the many flashpoints architects should involve themselves in heavily in order to better advocate for the profession, critic Kate Wagner writes. Rightly, she states, “The field’s most meaningful efforts to combat climate change are actually quite mundane.” Progress on a number of fronts, including the decarbonization of the building sector, is being either stalled or eroded at the hands of real estate and other interests. Now professionals face the choice of further subjecting their labor or pushing back via activism or other means.

NYC breaks ground on important new Battery Coastal Resilience project in Lower Manhattan

2024-05-16T17:27:00-04:00

New York City has broken ground on the important new Battery Coastal Resilience project in Lower Manhattan. The critical $200 million component of the city’s larger Lower Manhattan Coastal Resiliency strategy is meant to protect 12,000 businesses and about 100,000 New Yorkers. It has been developed in unison with the New York City Economic Development Corporation, the New York City Department of Parks and Recreation, and the Mayor’s Office of Climate & Environmental Justice.

Map of Lower Manhattan Coastal Resiliency Projects. Credit: NYCEDC

Work in Phase 1 entails rebuilding The Battery’s former wharf and pedestrian promenade. The project will be completed by the end of 2026 and executed to match emissions reduction baselines set forth by the new NYC Clean Construction Accelerator. It joins the South Battery Park City Resiliency Project adjacent to the north in the city's wider plan for Lower Manhattan that includes another large-scale three-phase build on the East Side and other cap...

Proposal to bring New York City its first dedicated professional soccer stadium is approaching approval

2024-03-23T08:00:00-04:00

New York City’s first dedicated soccer stadium is becoming closer to a reality. As reported by Gothamist, the City Council is expected to approve the final phase of an ambitious project to revitalize the long-neglected Willets Point neighborhood in Queens through a mixed-use redevelopment.

In addition to the stadium, the scheme promises to deliver 2,500 units of affordable housing, including 133 homes for homeless New Yorkers, a 250-room hotel, a public school, retail, space, and public space. Designed by HOK, the $780 million, 25,000-seat stadium will host the MLS’ New York City Football Club. It is also expected to be the first-ever fully electric soccer stadium in the MLS.

Rendering courtesy of New York City Football Club

Phase I of the project, which includes 1,100 residential units, has been approved, with construction commencing in December of last year. Approval of Phase II, which includes the stadium and more housing units, is expected to follow through the support of city ...

NYC will convert JFK Hilton hotel into supportive housing

2023-12-28T13:44:00-05:00

A plan to transform the former Hilton Hotel at John F. Kennedy International Airport in New York City into supportive housing has been announced as the inaugural effort of the important new Housing Our Neighbors with Dignity Act (HONDA) program by Mayor Eric Adams.

Aufgang Architects will be in charge of overhauling the 350-room hotel into the renamed Baisley Pond Park Residences, a 318-unit residential development aimed at low-income and formerly homeless individuals with rents ranging between $784 per month for studios to $1,493 for two-bedroom apartments. They say their work will be completed in just 21 months thanks to the hotel’s compatible layout, which allows for a minimally invasive slate of amendments to its internal wall structures.

The result will be a life-changing space for residents, complete with all-electric heating and cooling systems, multiple community/computer rooms, space for the RiseBoro Community Partnership’s on-site support staff, a kitchen serviced by the ...

Field Operations will lead new Fifth Avenue pedestrian corridor redesign in Manhattan

2023-10-13T17:18:00-04:00

Field Operations has announced its participation as the design lead for a new public space and pedestrianization project that will affect a large swath of Fifth Avenue in Midtown Manhattan.

The new “Future of Fifth” project, announced by New York Mayor Eric Adams this week, will permanently reimagine the area between Bryant Park and Central Park South based on an 11-block pilot that last year added $3 million in revenue to local businesses, according to a study performed by Mastercard.

Field Operations will be joined on the project by Arcadis, Sam Schwartz, Public Works Partners, and a number of other design and engineering firms, seven of which are either minority- or women-owned business enterprises. It is seen as an extension of the city’s Open Streets program that was targeted at local businesses’ recoveries after the pandemic and builds on a larger $375 million investment in public space outlined in Adams’ “Working People's Agenda” from earlier this year.

Together, the firms wi...

NYC's broken flood mitigation strategy comes into focus at a critical time

2023-10-03T17:56:00-04:00

The fallout from last week’s record-breaking rainstorm in New York City is shining a light on local climate mitigation efforts and water infrastructure as the increased threat from flooding becomes a major issue for Mayor Eric Adams’ administration and key city agencies.

A total of seven inches of rain fell throughout the New York metropolitan region in 24 hours Friday, inflicting particular damage to areas built over or adjacent to wetlands and other bodies of water as it overwhelmed the mass transit system and many roadways in every borough.

Beyond the torrent of viral storm footage that spread across social media, Friday’s storm provided a look at the precariousness of different resiliency projects aimed at combatting climate change, including the new Cloudburst Management plan, sewer system upgrades, and greening campaigns. Experts warn this effort could be too disjointed and expensive to make a difference before so-called "once in a hundred year" storms become regular occurrenc...

New York City unveils major zoning overhaul to boost housing stock

2023-09-25T15:41:00-04:00

Mayor Eric Adams proposed on Thursday a major overhaul of New York City’s approach to development that his administration says could make way for as many as 100,000 additional homes in the coming years and ease the city’s severe housing crisis. [...] The proposals could bring new housing development to nearly every corner of New York City and reflect a growing political consensus that the city must do everything it can to build.

In last week's announcement of the City of Yes for Housing Opportunity plan, several measures designed to achieve the declared goal of adding 100,000 new residential units were listed, including the end of parking mandates for new housing, the legalization of ADUs, encouraging shared living and office conversion, a Universal Affordability Preference policy, updated town center "main streets" zoning along commercial corridors, and a push to utilize available space on campuses across the city.

The proposed town center “main streets” zoning updates could spur new residential development along commercial corridors. Credit: New York City Department of City Planning

“Our goal is to create ‘a little more housing in every neighborhood’ to finally tackle New York’s housing shortage head-on,” said New York City Department of City Planning (DCP) Director Dan Garodnick. “By addressing the root cause of New York’s high housing costs, displacement, homelessness, and the imbalance of power between...

NYC announces Midtown South office conversion rezoning to combat housing shortfall

2023-08-18T09:00:00-04:00

New York City officials announced plans on Thursday to ease the conversion of office buildings to housing and to open manufacturing areas south of Times Square to new residential development, as part of a broader push to reinvent the struggling business district in Midtown Manhattan and address the city’s housing crisis.

The news comes after the revelation last week that a total of zero new housing starts were approved in Manhattan in the month of July. The Adams administration previously announced its desire to create 40,000 new residential units through the adaptive reuse of office buildings. The rezoned area south of 40th Street to 23rd Street will be bordered by Fifth and Eighth Avenues, respectively, and includes the historic Garment District, Penn Station area, and parts of Chelsea.

They are part of a larger spate of zoning changes that coincide with the development plan, including the addition of structures built as recently as 1990 to the list of those now permittable for conversion schemes.

“The world has changed,” New York Mayor Eric Adams said at the announcement press conference. “We have to be willing to change with it.” He's not kidding. Median monthly rents in the borough are now estimated at $4,400, according to the New York Times.

NYC’s housing chief resigns amid concurrent homelessness and affordability crises

2023-05-24T17:50:00-04:00

New York City’s Chief Housing Officer Jessica Katz is set to leave her post in the Adams administration by early July, she told Gothamist, leaving open a critical role tasked with overseeing the city’s response to its growing housing and homelessness crises.

Katz told Gothamist the job was both “frustrating” and a “real sprint.” She is credited with overseeing the beginnings of New York Mayor Eric Adams’ first housing plan as well as streamlining several key projects involving supportive and transitional housing during her 16-month tenure.

The city’s shelter system swelled considerably in 2022 while an influx of newly arrived migrants complicated efforts to provide beds for those most in need. This came at a time when rents across the city have soared past pre-pandemic record highs in nearly every borough. New Yorkers are currently experiencing homelessness at a rate of 1 per every 120 persons, according to The Bowery Mission.

The Mayor's office has yet to name a replacement for the position.

HOK reveals Willets Point Revitalization Plan and NYCFC stadium design

2023-05-11T18:25:00-04:00

HOK’s plans for a new mixed-used development and soccer stadium in Willets Points, Queens, have been released following the project’s announcement last month.

The 25,000-seat new home of New York City FC will come with 2,500 units of “100% affordable” housing plus a public school, hotel, retail component, and over 40,000 square feet of open public space. Plans call for a “future-foward” stadium design that will become a model for sustainability. The overall project also ties in with Mayor Eric Adams' comments about his administration’s intentions to create a “City of Yes.”

Image courtesy HOK

“The design of NYCFC’s new stadium celebrates diversity, community, and the love of the sport, creating a hospitality-driven experience unique to its location in Queens, the world’s borough,” HOK principal and senior project designer Rashed Singaby said in a statement. “Our design team has created a sustainable, technology-driven experience and integrated the stadium into the context of a future ...

New York City announces major new Harlem River Greenway in the Bronx

2023-03-28T13:47:00-04:00

A new greenway project expected to make over a corridor of the Harlem River between the Bronx and Upper Manhattan was announced recently by New York Mayor Eric Adams, adding an important new cog in his administration’s ‘20-20 Vision Zero’ plan that aims to improve and increase pedestrian access across the city.

The project will take shape over the next decade and will bring better bicycle pathways to several bridges in the seven-mile-long area. The plan calls for nodes at Van Cortlandt Park to the north and Randall’s Island to the south. The city will commence a public engagement process beginning April 18th and says it is an important step in reconnecting communities that have been divided by the Federal highway system since the 1930s.

“This administration continues to deliver for all five boroughs, and expanding the Harlem River Greenway to the Bronx is a huge win for equity and justice,” Mayor Adams said at a press conference. “Our administration is leading the way in undoing the...

New York Mayor Eric Adams pitches a case for windowless apartment units in the city

2023-03-24T11:58:00-04:00

Mayor Eric Adams opened a new window into his vision for building New York City out of the current housing crisis, with a riff on “dormitory” style accommodations [...] During a conversation on Monday at the Greene Space, New York Public Radio's live events venue, Adams said he wants to 'do a real examination' of the laws that require windows in bedrooms — a major tweak that could make it easier for developers to convert empty offices into apartments.

The Mayor’s comments in favor of window features found in Dormzilla-like residential design caught the ire of critics, who were quick to illustrate its potential fire hazards and physiological impacts. Adams’ suggestion seems a bit at odds with the city’s push to deliver better affordable housing with 40,000 office conversions and other measures, but are nevertheless in line with several of the recommendations for “flexible regulations“ attributed to the Adaptive Reuse Task Force proposed in December 2022.

According to Gothamist, Adams then also commended WeWork’s flawed housing development model and the widespread adaptation of single-room occupancy (or SROs) constructions that typically have windows but have been dwindling since being made illegal under New York City law in 1955.

Supportive housing advocate and pioneer Roseanne Haggerty told Gothamist they would “...

New York City announces Ya-Ting Liu as its first-ever chief public realm officer

2023-02-17T18:11:00-05:00

In the interest of providing official guardianship for its vast inventory of public spaces, New York City Mayor Eric Adams on Thursday (Feb. 16) announced former transit advocate Ya-Ting Liu will be the city's first-ever public realms officer.

According to the New York Times, her role was created to be a kind of “central point person” for various city agencies and newfound initiatives such as the Open Streets program and outside dining in line with proposals contained in the Making New York for Everyone plan that was developed by the administration and announced in late-December.

“Our city’s public spaces are too important to fall through the cracks of bureaucracy, and now they won’t," Adams said in a press release. "New Yorkers need to know there is one person at City Hall whose number one goal is to improve their quality of life by creating incredible, new public spaces and ensuring the ones we have are clean, equitable, and safe."

Earlier on Archinect: NYC's new planning director...

Mayors across U.S. voice their struggles in tackling housing crisis and homelessness

2023-01-20T12:29:00-05:00

Mayors across a variety of American towns and cities have used the U.S. Conference of Mayors to voice concerns about their ability to address the dual crises of housing affordability and homelessness. As reported by Politico, specific struggles shared by mayors include attracting investors, housing density, and racial disparities.

“At the end of the day, as mayors, people aren’t looking to their senators to solve homelessness,” San Francisco Mayor London Breed told the conference in Washington, D.C. “They’re not looking to their state legislators to solve homelessness. They’re looking to their mayor.”

Meanwhile, Richmond Mayor Levar Stoney warned that “parasitic” investors, who either undervalue or abandon properties, exclusively operate short-term rentals, flip homes, or price individual families out of the housing market, are having a detrimental impact across the city, including in low-income an...

New York City announces new 40,000-unit adaptive reuse office conversion plan

2023-01-13T11:50:00-05:00

New York City Mayor Eric Adams has unveiled an ambitious plan to help convert the city’s unused office spaces into apartment dwellings in an effort to bring online 40,000 new units of housing in the next decade.

The plan, which includes a new study and 11 “concrete recommendations” made by the new Adaptive Reuse Task Force announced by Adams over the summer, will target a total of 136 million square feet of office space for conversions using updates to state laws and local zoning codes under the leadership of Department of City Planning Director Dan Garodnick.

Adams said the effort offers a “roadmap to deliver on a vision for a more vibrant, resilient, prosperous, and affordable city.” Its effectiveness in combating the city's dual housing crisis and expected economic downturn is vital to Adams' success in office and can potentially be seen as a bellwether for other cities as they attempt to find their own answers to the changes made to the urban environment following COVID.

Image...

Your next role could be to support the future of New York City’s publicly-owned architecture

2023-01-04T11:57:00-05:00

Following last week’s look at an opening for a Project Manager at site design group, we are using our first Job Highlights series of 2023 to explore an open position on Archinect Jobs for an Architect at the NYC Department of Citywide Administrative Services (DCAS).

The role, sitting within the department’s Real Estate Services (RES) division, will help support the management of New York City’s public buildings portfolio. Responsibilities for the position, which calls for a registered architect with at least two years of experience, will include evaluating the new space requirements for New York City’s 80 public agencies, assisting in the planning and design of new projects, and updating existing floor plans of City-owned buildings.

Why the role interests us

While a large majority of architects find employment in the private secto...

NYC unveils three-pronged development strategy to achieving affordable housing goal of 500,000 new homes

2022-12-12T17:14:00-05:00

New York City Mayor Eric Adams unveiled his administration’s three-pronged plan to “Get Stuff Built” this month as a possible answer to skeptics who had previously doubted his ability to tackle what is becoming its largest existential challenge.

True to its moniker, the plan calls for the construction of 500,000 total units of affordable housing in all five boroughs to be completed by the year 2030. In doing so, it will effectively meet the city’s currently projected need for 560,000 units in the same time frame. New York is currently developing just 14% of that figure and will address the daunting remainder in line with its previously-announced homelessness and economic recovery initiatives.

"If New York is to remain the city we love, we must have places for the people we love. We need more housing, and we need it as fast as we can build it," Adams said at a press conference on December 8. "The system has been broken for so long that we have come to view it as our reality. Our ci...

New York City considers making Grand Army Plaza car-free

2022-11-15T09:00:00-05:00

The city’s Department of Transportation is considering making Grand Army Plaza car-free and connecting it to the Open Streets on Vanderbilt and Underhill Avenues, officials said this week.

The NYC Department of Transportation is currently seeking the public’s feedback regarding improvements to an area that’s been defined by constant traffic, disrepair, and hazardous conditions for pedestrians and cyclists. The agency hopes it can access the $904 million that Mayor Eric Adams pledged to tackle the city’s traffic violence and improve public transportation infrastructure.

The Department is expected to draft plans within the year. Last Saturday, November 12th, they hosted an outreach session, which will be followed by a virtual online workshop on November 16th.

Dattner debuts a record-setting new 26-story passive house high-rise in the Bronx

2022-11-14T12:35:00-05:00

Dattner Architects recently celebrated the opening of a new 26-story affordable housing project in New York City it says sets a new standard for the application of one of the building industry’s most sustainable techniques in the design of high-rise apartment structures.

Located in the Mott Haven section of the Bronx, it has 277 total units with a host of on-site community services and is considered the largest passive house building in North America.

According to a city press release, the $178 million new structure at 425 Grand Concourse is meant specifically for the formerly homeless and those earning between less than 30% and 130% of the median income in an area in which 22% of all residents are considered food insecure.

Image courtesy Dattner Architects

“Our administration is focused on creating affordable housing for New Yorkers that doesn’t just help those who move in but enhances the entire community, and 425 Grand Concourse does exactly that,” NYC Mayor Eric Adams said dur...

Alexander Gorlin Architects completes 10-story affordable housing development in the Bronx

2022-11-02T16:06:00-04:00

A new $62 million affordable housing project from Alexander Gorlin Architects has been completed in the Bronx for developers Comunilife, a local nonprofit aimed at improving the lives of vulnerable communities through a combination of housing justice and culturally-sensitive supportive services.

The firm’s El Borinquen Residence at 3401 Third Avenue features a total of 148 “deeply affordable” units, with 29 being reserved for seniors and an additional 90 set aside for those experiencing homelessness and youths who have recently aged out of the foster care system. It is a follow-up to their highly-praised Boston Road development two blocks north and was framed by Governor Kathy Hochul as the lynchpin for a larger five-year and $25 billion housing plan that is desperately needed as the city grapples with a protracted emergency corresponding to its high cost of living.

Image courtesy Alexander Gorlin Architects

"With the completion of the El Borinquen Residence, more of our neighbors e...

One year after Hurricane Ida, NYC updates its water infrastructure in the hopes of preventing another tragedy

2022-09-02T14:50:00-04:00

New York City is beefing up the effort to prevent a similar tragedy to Hurricane Ida a year removed from the historic storm’s wake of destruction, which left 13 residents dead and hundreds of others permanently displaced.

Mayor Eric Adams was on hand yesterday to showcase newly-installed stormwater infrastructure in the heavily-affected neighborhood of Ozone Park, Queens, in unison with Governor Kathy Hochul and the state’s Department of Environmental Protection. The city is investing some $2.5 billion there in the form of sewer upgrades which will be joined by a similar $454 million initiative targeting historically-flood-prone areas in Brooklyn, Staten Island, and other parts of Central and Southeastern Queens.

That money will all go towards replacing the antiquated, century-old existing system that, combined with the abundance of illegal basement dwellings in the neighborhood, created an untenable situation in September 2021, unable to handle the seven inches of rain that fell i...

NYC Mayor Eric Adams announces $7.25 million federal grant to expand greenway network in underserved communities

2022-08-25T18:56:00-04:00

Earlier this week, New York Mayor Eric Adams announced that the city has received a $7.25 million federal grant to expand the greenway network across the five boroughs, with a priority on serving historically underserved, lower-income communities.

The funding is from the U.S. Department of Transportation (USDOT) Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant. The money will be used to fill gaps in New York City’s greenway network, improve cyclist and pedestrian safety with revitalized infrastructure, and provide green transportation options and greater waterfront access. The grant application was prepared by the New York City Department of Transportation (NYCDOT), the New York City Parks Department (NYC Parks), and the New York City Economic Development Corporation (NYCEDC).

“All New Yorkers deserve access to our beautiful greenways, and we’re making that happen thanks to millions in federal funding,” said Mayor Adams. “This grant will help us do t...

Some of NYC’s biggest high-rollers want a casino in Coney Island, but local residents aren’t buying in

2022-08-04T10:00:00-04:00

If real estate developers get their way, Coney Island may soon be losing its seasonal vibe. The New York Post is reporting that several of the city's leading corporate entities, including Miami Dolphins owner Stephen Ross' Related Companies, Vornado, and S.L. Green, have expressed interest in two of the state's three new available casino licenses as part of an expansion endorsed by Governor Kathy Hochul.

Looking to Atlantic City as a model, Thor Equities owner Joe Sitt is pitching a gaming destination in his native Coney Island as a potential commercial booster. Hudson Yards, Times Square, and Queens’ Willets Point neighborhood have also been floated. In total, the projects could bring in at least $1.5 billion in license revenue for the state. The year-round operation of the casinos could engender even greater profits dependent on an agreed-upon tax rate between the state and potential developers.

Other than money, the subway system seems to be the main determining factor in the m...

NYC Mayor Eric Adams announces new adaptive reuse task force

2022-07-22T18:01:00-04:00

New York City Mayor Eric Adams has announced a new adaptive reuse task force that will explore the vast untapped potential for rehabilitation present in the city’s considerable stock of outdated office buildings.

Born out of the new Local Law 43, the task force is charged with producing recommendations by year’s end for how to best approach the rehabilitation of these buildings in the face of crises of affordability, homelessness, and the loss of tax revenue caused by corporate America’s yet-unresolved pandemic exodus from the city.

The creation of the panel indicates the further migration of large global cities towards adaptive reuse policies in the hopes of making strides in the area of sustainability before the end of the decade.

The 12-member panel is composed of four staffers from the city’s Department of Buildings, Economic Development Corporation, Depa...

The New York City Rent Guidelines Board approves the largest rent hikes in nearly a decade

2022-06-23T14:20:00-04:00

Roughly 2.4 million New York City tenants will face the biggest rent hikes they’ve seen in nearly a decade after the Rent Guidelines Board approved the increases in a split vote Tuesday night at Cooper Union.

The mayor-appointed nine-person panel, which determines rent adjustments for the approximately one million rent-stabilized apartments in New York City, voted five to four to increase rents by 3.25% for one-year leases and 5% for two-year leases. The rates fall in the middle of ranges approved by the board in May, 2 and 4% for one-year leases and 4 and 6% for two-year leases. This represents a compromise as landlords sought even higher increases, arguing that building maintenance and insurance costs have soared. At the same time, many tenants pushed for rent freezes and rollbacks, noting the rising cost of living in New York City amidst pre-existing poor building conditions. And rising inflation has impacted both sides.

This is the first vote under Mayor Adams’ administration, exhibiting a departure from the approach of his predecessor. Throughout former Mayor Bill de Blasio’s tenure, the board kept rent increases at historic lows, with the highest annual increases at 1.5% on one-ye...