City built, preserved more than 33K affordable housing units in FY2025

CrainsNewYork.com (Media & Entertainment) 9/17 6:30A Eddie Small

The Adams administration built and preserved more than 33,000 affordable housing units during fiscal year 2025, up 15% year over year, according to the mayor's annual management report, to be released later today. Of those, roughly 13,400 were...

An LIRR strike is looming. Here’s what to know

CrainsNewYork.com (Hospitality and Tourism) 9/12 12:33A Caroline Spivack

A standoff on contract terms between some of the Long Island Rail Road’s unionized workers and the Metropolitan Transportation Authority could spur the railway’s first strike in nearly 30 years, threatening to upend the commutes of nearly 300,000...

Long Island City rezoning heads to Council for make-or-break housing negotiations

CrainsNewYork.com (Hospitality and Tourism) 9/8 7:42A Caroline Spivack, Nick Garber

A city plan to boost housing in fast-growing Long Island City is entering its most pivotal stage of negotiations as it heads to the City Council following the City Planning Commission’s approval last week. The effort would be the largest city...

Op-ed: Flash-flooding is the new normal in NYC. Here's how we can live with it

CrainsNewYork.com (Hospitality and Tourism) 9/3 6:03A Tyler Taba

It could be murky puddles at the 7th Avenue B/Q-train station in Park Slope or a geyser at the 28th Street 1-train station in Chelsea. Local businesses and restaurants incur $20,000 in damages in Bayside or expect to lose five business days per...

City real estate chief resigns following bribery indictment

CrainsNewYork.com (Arts) 8/22 6:50A Eddie Small

Jesse Hamilton has resigned from city government in the wake of his Thursday indictment on bribery and conspiracy charges. Hamilton had served as a deputy commissioner at the Department of Citywide Administrative Services, where he oversaw the...

Midtown South’s 9,500-home rezoning approved by City Council

CrainsNewYork.com (Arts) 8/14 11:30A Nick Garber

The City Council on Thursday approved the sweeping plan by Mayor Eric Adams’ administration to allow housing on 42 industrial Midtown blocks, which supporters hope will transform the lagging area into a live-work neighborhood. It’s the city’s...

Rising apartment inventory not bringing down rent prices in some neighborhoods

CrainsNewYork.com (Arts) 8/14 9:33A https://www.crainsnewyork.com/re

By the logic of the city’s pro-housing push, if more units are produced, rents will come down. But the reality might not be so simple, according to new data from listing service StreetEasy. In the past year, some of the neighborhoods with the...

City lowers mental health clubhouse enrollment goals

CrainsNewYork.com (Hospitality and Tourism) 8/14 12:33A Ethan Geringer-Sameth

The city is projecting that fewer New Yorkers than previously anticipated will be enrolled in mental health clubhouses under an expansion of the program. On Tuesday, Mayor Eric Adams announced that all 13 of the city’s clubhouses are now taking...

Developer advances 200-plus unit affordable housing project in Jamaica

CrainsNewYork.com (Hospitality and Tourism) 8/13 7:44A Eddie Small

A busy New York developer is plowing ahead with plans to bring more than 200 units of affordable housing and new space for a church to Jamaica. Midtown-based Haussmann Development has filed plans with the Department of Buildings for a sprawling...

F train tops most delayed subway lines in first half of 2025

CrainsNewYork.com (Hospitality and Tourism) 8/8 12:33A Caroline Spivack, Amanda Glodows

Every subway rider dreads descending into a station to find a flustered crowd of commuters waiting for a delayed train. On some lines, the sight is far more common than others. A Crain’s analysis of MTA data found that for the first six months of...

Queens landlord faces second state lawsuit over allegedly overcharging tenants

CrainsNewYork.com (Arts) 8/7 10:43A Eddie Small

A Queens-based real estate firm allegedly has been forcing its stabilized tenants to pay illegally high rents for years, according to a lawsuit filed by the state attorney general's office and the Department of Homes and Community Renewal. The...

42-block Midtown South housing plan clears hurdle as Council trims some units

CrainsNewYork.com (Hospitality and Tourism) 8/6 9:00A Nick Garber

Mayor Eric Adams’ potentially transformative plan to permit housing across 42 industrial Midtown blocks cleared its biggest remaining hurdle on Wednesday when it was approved by a pair of City Council committees — although lawmakers made changes...

Financial woes mount at Chetrit-owned apartment complex in Queens

CrainsNewYork.com (Arts) 8/4 8:34A Aaron Elstein

Financial problems are mounting at a 540-unit market-rate apartment complex in Jamaica, Queens, as developer Meyer Chetrit falls further behind on his bills. Parkhill City, which is almost fully occupied with amenities including 24-hour doorman...

Two more 99-unit buildings heading to Brooklyn

CrainsNewYork.com (Hospitality and Tourism) 7/28 7:28A Eddie Small

A developer is planning a pair of new 99-unit residential buildings for Brooklyn, the latest indication that many in the city's real estate industry are determined to avoid paying the higher wage requirement that kicks in once a project hits 100...

Building projects with under 100 units remain popular in wake of new wage rule

CrainsNewYork.com (Hospitality and Tourism) 7/23 8:17A Eddie Small

Buildings with fewer than 100 units are continuing to skyrocket in popularity amid the state's strict new wage requirement that kicks in once the number of residences in a project hits triple digits. Developers filed plans for 41 new projects...