News & Analysis as of

Real Estate Development New York

Cozen O'Connor

New York Note: FY26 Budget Passage, City Legislation, Brooklyn Power 100

Cozen O'Connor on

On June 30, the City Council formally adopted the $115.9 billion FY 2026 budget. The budget includes funding to pilot a new free child care program for children under 2 years old, along with a significant increase in City...more

Cozen O'Connor

Cozen Cities - June 25, 2025

Cozen O'Connor on

NEW YORK—Waymo Applies for NYC Permit - Waymo, Alphabet’s self-driving car unit, plans to begin manually operating vehicles in Manhattan as a first step toward launching autonomous ride-hailing in New York City. The company...more

Cozen O'Connor

Public Engagement Begins on 'Manhattan Plan' to Increase Housing Production

Cozen O'Connor on

On June 20, 2025, the Adams Administration and the Department of City Planning (DCP) initiated public engagement for the 'Manhattan Plan,' a proposal to add 100,000 new homes in Manhattan over the next decade. The Plan aims...more

Farrell Fritz, P.C.

The Road to Compliance: How Town Law 280-a Affects Property Development

Farrell Fritz, P.C. on

Developing land on Long Island can present a number of challenges that all developers should be aware of. From complex zoning ordinances to state environmental regulations, there is no shortage of obstacles that may delay a...more

Cole Schotz

NYC City Council Takes Steps to Reduce Impact of Sidewalk Sheds

Cole Schotz on

Our last post described the changes driven by the New York City Council in its effort to reduce the number and duration of sidewalk sheds found across the city. In addition to the sheer number of sheds in place at any given...more

Cole Schotz

NYC City Council Takes Aim at Overabundance of Sidewalk Sheds

Cole Schotz on

That New York City, in particular Manhattan, is awash in sidewalk sheds is news to no one. This spring, the New York City Council passed several new bills with the intention of curtailing the number of sheds, as more than...more

Cozen O'Connor

Broad Street Brief: FY26 Budget Negotiations Entering HOME Stretch

Cozen O'Connor on

FY26 Budget Negotiations Entering HOME Stretch - Thursday marks the final opportunity for the City Council to advance bills—including those tied to Mayor Cherelle Parker’s $6.7 billion proposed budget and Housing...more

Herbert Smith Freehills Kramer

Rethinking real estate A US outlook - Our partners and key industry figures discuss what’s next for investment and development in...

Despite recent macroeconomic uncertainty, with regards to investment, development, and optimism for the future, New York City is in a stronger position than many seem to believe. This was the key takeaway from 'Rethinking...more

Akerman LLP

New York City Council Approves the “Atlantic Avenue Mixed-Use Plan”city=o

Akerman LLP on

The New York City Council approved the Atlantic Avenue Mixed-Use Plan (AAMUP) on May 28, 2025. This initiative represents a significant rezoning aimed at transforming a key corridor in Central Brooklyn, which has been zoned...more

Cozen O'Connor

City Council Approves Atlantic Avenue Mixed Use Plan

Cozen O'Connor on

On May 28, 2025, the New York City Council approved the city-led Atlantic Avenue Mixed Use Plan (AAMUP, pronounced "aim up"), rezoning a low-density industrial stretch of Atlantic Avenue and surrounding blocks in Brooklyn’s...more

Cozen O'Connor

New York Note: Elizabeth Street Garden, Special Election, 5 Times Square

Cozen O'Connor on

Deputy Mayor Randy Mastro is considering cancelling a planned affordable housing development at Elizabeth Street Garden. He has suggested that the apartments instead be built on a nearby lot, which was initially reserved for...more

Herbert Smith Freehills Kramer

Kramer Levin Hosts Program with NYCEDC and Top CRE Executives to Discuss NYC’s Waterfront Development Potential and Promising Real...

Despite recent macroeconomic uncertainty, with regard to investment, development and optimism for the future, New York City is in a stronger position than many seem to believe. This was the key takeaway from “Rethinking Real...more

Farrell Fritz, P.C.

From Vacancy to Vibrancy: Empire State Development’s Vision for Long Island Housing

Farrell Fritz, P.C. on

On March 27, 2025, Empire State Development, New York State’s chief economic development agency, announced the launch of the Long Island Forward Housing Program (LIFHP), a $10 million initiative designed to promote and...more

Cozen O'Connor

New York Note: Metropolitan Park and NJ Transit Strike Ends

Cozen O'Connor on

NYS Passes Bill for Metropolitan Park Casino Project- Last week, New York State Assemblymembers approved legislation that would allow for the construction of an $8B entertainment and casino complex on 50 acres of Citi...more

King & Spalding

Southern District of New York Allows Fraudulent Transfer Claims Accusing JPMorgan and Others of Scheme, Dismisses Claims for...

King & Spalding on

On March 27, 2025, the U.S. District Court for the Southern District of New York largely denied a motion to dismiss fraudulent transfer and tortious interference claims arising out of a dispute over the financing and...more

Chartwell Law

NYC’s Lead Laws: What Property Owners Need to Know About Lead-Based Paint Obligations Ahead of August 2025

Chartwell Law on

New York City’s Childhood Lead Poisoning Prevention Act—commonly known as Local Law 1 of 2004—sets forth strict requirements for property owners to protect tenants from lead-based paint hazards. Under this law, any multiple...more

Akerman LLP

City of Yes Updates: HPD's New Universal Affordability Preference (UAP) Application Now Available

Akerman LLP on

The New York City Department of Housing Preservation and Development (HPD) released the City's new Universal Affordability Preference (UAP) Application. The program requirements and process for the new UAP program are very...more

Cozen O'Connor

Major Long Island City Rezoning Enters Public Review

Cozen O'Connor on

On April 21, 2025, the New York City Planning Commission (CPC) certified the city-led Long Island City Neighborhood Plan, known as OneLIC, into public review. OneLIC seeks to build on Long Island City’s status as one of...more

Farrell Fritz, P.C.

Stated Purpose vs. Stated Problem: Court Sticks to the Script for LLC Dissolution

Farrell Fritz, P.C. on

It’s been 15 years since the Second Department’s decision in Matter of 1545 Ocean Avenue, LLC, 72 AD3d 121, 2010 NY Slip Op 00688 (2d Dept Jan. 26, 2010), which established the standard for judicial dissolution of limited...more

Farrell Fritz, P.C.

Restrictive Covenants: The Devil Is in the Details…

Farrell Fritz, P.C. on

Restrictive covenants are common conditions of zoning approvals. Municipal boards typically require applicants to record restrictive covenants as a condition of approval. These restrictive covenants are drafted to “run with...more

Cozen O'Connor

New York City Proposes to Regulate Last-Mile Facilities

Cozen O'Connor on

The New York City Department of City Planning (DCP) has released materials outlining a proposed amendment to the city's zoning regulations to introduce a City Planning Commission (CPC) special permit intended to limit the...more

Akerman LLP

Community Groups and Elected Officials Sue to Set Aside "City of Yes"

Akerman LLP on

On March 25, a group of civic associations, elected officials, and individual petitioners filed a proceeding in the Supreme Court, Richmond County, under Article 78 of New York’s Civil Practice Law and Rules (CPLR), seeking a...more

Herbert Smith Freehills Kramer

Litigation To Invalidate ‘City of Yes’ Zoning for Housing Opportunity Initiated

A group of seven New York City Council members announced this morning that they, together with other elected officials, civic organizations and individuals, were initiating litigation to challenge the validity of the whole of...more

Cozen O'Connor

Jamaica Rezoning Plan to Enable New Housing and Jobs Enters Public Review [Alert]

Cozen O'Connor on

On March 20, 2025, the New York City Planning Commission (CPC) certified the city-led Jamaica Neighborhood Plan into public review. The plan would facilitate the creation of 12,000 new residential units, including...more

Harris Beach Murtha PLLC

“Good Cause” Eviction Law passed in the City of Rochester

The City of Rochester recently became the largest city in New York outside of New York City to adopt “Good Cause” eviction protections in its local law. The enhanced rental protections include limitations on rent increases...more

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