The mayor has raised $1.3 million for re-election since January, relying on many wealthy donors from New York City and beyond. Source: New York Times
Posts published in “Real Estate (Commercial)”
Hochul and Adams Envision ‘New New York.’ Getting There Is the Trick.
By Gotham Rex on December 14, 2022
The leaders want to turn commercial districts into 24-hour live-and-work spaces, recognizing that the pandemic has fundamentally changed the city. Source: New York Times
New York Loosens Rules on Locations for Weed Dispensaries
By Gotham Rex on December 9, 2022
Licensees will no longer be required to accept storefronts leased by the state, a move welcomed by applicants who want more control over their retail locations. Source: New York Times
A Long Road to Renewal for Former Military Bases
By Gotham Rex on December 8, 2022
Closed defense sites are like snowflakes in that no two are alike. The efforts to redevelop two New Jersey forts show the obstacles to revitalization. Source: New York Times
A Times Square Hotel Was Set To Become Affordable Housing. Then the Union Stepped In.
By Gotham Rex on December 7, 2022
An influential hotel workers’ union is flexing its power at a key moment in the city’s recovery, affecting major projects from casinos to homeless shelters. Source: New York Times
What Lab Tests Reveal About Cannabis in New York’s Illegal Dispensaries
By Gotham Rex on December 1, 2022
A report from a medical cannabis trade group found contaminants such as E. coli and salmonella in some products purchased at unlicensed dispensaries. Source: New York Times
New York City Reaches Deal to Build Soccer Stadium in Queens
By Gotham Rex on November 15, 2022
The New York City Football Club will pay roughly $780 million to build the stadium in Willets Point in Queens as part of a project that will include housing and a hotel. Source: New York Times
Why Is New York Still Building on the Waterfront?
By Gotham Rex on October 28, 2022
There are two simple reasons. One, it makes money. And two, people just love water. Source: New York Times
Times Square May Get One of the Few Spectacles It Lacks: A Casino
By Gotham Rex on October 19, 2022
The battle to win a New York City casino license has heated up in Manhattan, with real estate and gambling giants offering competing proposals for Times Square and Hudson Yards. Source: New York Times
MetroTech, the Office Park in Brooklyn, Gets a $50 Million Renovation
By Gotham Rex on October 17, 2022
A look inside the rebranding of MetroTech, an outdated corporate campus from the early 1990s. Source: New York Times
Towering Over Midtown: The Penn Station Super-Talls
By Gotham Rex on August 30, 2022
The proposed project would include buildings in the West 30s that would be among the tallest worldwide, with one tower that could surpass One World Trade. Source: New York Times
Manhattan Has a Glut of Empty Offices. Hochul Wants to Build More.
By Gotham Rex on August 29, 2022
Despite near record-high office vacancies, Gov. Kathy Hochul has backed a real estate project at the New York transit hub that would be one of the largest in American history. Source: New York Times
New York Developers Rush to Reduce Emissions as Hefty Fines Loom
By Gotham Rex on August 16, 2022
Building owners are trying to figure out how to pay for upgrades needed to comply with city regulations intended to fight climate change. Source: New York Times
The Fight to Save New York’s Extravagantly ’80s Subway Entrance
By Gotham Rex on July 29, 2022
The throwback atrium at 60 Wall Street — which also provides access to the subway — has its fans, but its future is unclear. Source: New York Times
What to Know About Penn Station’s $7 Billion Redevelopment Plan
By Gotham Rex on July 21, 2022
The project promises to update the notorious eyesore but critics of the plan are concerned about the cost. Source: New York Times