News & Analysis as of

Real Estate Development New York Housing Market

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

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

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

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

Major Long Island City Rezoning Enters Public Review

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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

Cozen O'Connor

Midtown South Mixed-Use Rezoning Plan Enters Public Review

Cozen O'Connor on

On January 21, 2025, the New York City Planning Commission (CPC) certified the city-led Midtown South Mixed-Use (MSMX) Plan into public review. The MSMX Plan is the first piece of the Adams administration’s “Manhattan Plan,”...more

Akerman LLP

Green Fast Track for Housing Regulations Seek to Expedite Housing Development in New York

Akerman LLP on

New York City recently amended the City Environmental Quality Review (CEQR) regulations to exempt small residential developments from environmental review. The regulations, called "Green Fast Track for Housing," seek to...more

Cozen O'Connor

NYC Mayor Adams Launches Extensive Zoning Initiative to Promote Residential Development

Cozen O'Connor on

On September 21, 2023, the Adams administration revealed details for the third of three City of Yes zoning initiatives, City of Yes for Housing Opportunity. In line with Mayor Adams’ moonshot goal of providing 500,000 new...more

Sheppard Mullin Richter & Hampton LLP

It’s About Damn Time

The City and State of New York have made a handful of announcements regarding plans to roll out imminent changes to the real estate development process to help encourage development and tackle the City’s affordable housing...more

Farrell Fritz, P.C.

Governor Hochul’s Ambitious Statewide Strategy to Address New York’s Housing Crisis

Farrell Fritz, P.C. on

As part of her 2023 State of State address, Governor Kathy Hochul announced a statewide strategy to address New York’s housing crisis by building 800,000 new homes over the next decade. The plan, dubbed as the “New York...more

Goulston & Storrs PC

Governor Kathy Hochul Proposes New York State Housing Compact

Goulston & Storrs PC on

On January 10, New York Governor Kathy Hochul announced The New York Housing Compact, a series of proposals to grow the housing stock across New York State. The Compact aims to build 800,000 new homes statewide over the next...more

Akerman LLP

Housing Our Neighbors: A Blueprint for Housing and Homelessness

Akerman LLP on

On June 14th, 2022, New York City Mayor Eric Adams released his much-anticipated housing plan entitled “Housing Our Neighbors: A Blueprint for Housing and Homelessness.” In his announcement, Mayor Adams outlined his...more

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