City taps Jonathan Rose Companies for large East Harlem mixed-use project

The city has selected Jonathan Rose Companies to build a 751,000-square-foot mixed-use development in East Harlem. The project, dubbed “Sandero Verde,” will feature 655 rent-regulated apartments, a YMCA, a supermarket, a healthcare center, a charter school and a community center, Politico reported. The development will be located along East 111th and 112th streets, on city-owned […]

Fortis scraps affordable housing plans for LICH

After several months of uncertainty and failed negotiations with the city, it looks like Fortis Property Group’s Long Island College Hospital development won’t include affordable housing after all. The company’s president, Joel Kestenbaum, told Politico that Fortis has decided to move forward with an as-of right redevelopment at the Cobble Hill site, saying that the […]

Could legalizing basement apartments be the answer to NYC’s housing crisis?

With New York City’s population on track to reach 9 million over the next two decades, housing experts are pushing the city to change housing laws to free up apartments. Despite the de Blasio administration’s efforts to address the city’s worsening housing crisis, experts told a panel Tuesday there are cheaper and more effective ways […]