NYC Real Estate News

Mon, 05/13/2024 - 05:03

Another potential challenger to Mayor Eric Adams’ 2025 re-election has emerged. That’s a good thing for New Yorkers.

Last week, Brooklyn State senator Zellnor Myrie announced that he is taking steps to contend with Adams for re-election in 2025, joining another potential challenger, former Comptroller Scott Stringer. State Sen. Jessica Ramos and former Gov. Andrew Cuomo are also rumored to be considering bids.

When 68% of registered voters are Democrats, it can feel like elections are predetermined. A competitive primary is critical to giving New Yorkers the chance to cast a meaningful vote. Adams edged out Kathryn Garcia in the 2021 primary by just .8 percentage points but then went on to soundly defeat Republican mayoral candidate Curtis Sliwa by 40 points in the November election.

Which is to say, primaries matter. The lead-up to the vote in June 2025 is when candidates will express their competing visions and solutions for this great city.

Mayor Adams has had some hiccups while in office. He has been fending off an FBI investigation into his campaign finances, and a few members of his inner circle have made headlines for scandalous behavior.

New Yorkers have not been thrilled with the mayor’s performance: his approval fell to just 28% in a December Quinnipiac University poll, the survey’s worst-ever result for a New York City mayor.

New Yorkers must be presented with options. More candidates being considered may even help buoy New York’s abysmal voter turnout: just 21% of New Yorkers voted for mayor in 2021. Turnout was slightly higher, 23%, for the crowded 2021 primary.

Advocates fought passionately to implement a pioneering fund-matching program for election financing, specifically to open up the field to more candidates. Candidates backed by small donors can stand a chance against those bankrolled by powerful groups with special interests.

Introducing new viewpoints to the conversation is essential to fostering a dialogue and mayoral agenda that serves all New Yorkers. There’s no shortage of urgent problems the city is contending with: The surge of migrants, preparing young people who were knocked sideways by lost schooling during the pandemic for the workforce, the affordable housing crisis, the tenuous future of the office market and the role of the police, for starters.

Adams won’t welcome the challenge, but he should. Public debate will allow Mayor Adams to tout his accomplishments thus far and revisit what priorities matter most to voters.  

New York is a vast city with problems to scale that need urgent solving. Healthy competition is good for democracy.

Mon, 05/13/2024 - 05:03

Explore the town's development plans and innovative strategies for promoting a sense of community and well-being

Mon, 05/13/2024 - 05:03

Explore their expansion into cybersecurity, tax law and beyond, marking a new era of legal excellence

Mon, 05/13/2024 - 05:03

Explore the dynamic changes in New Rochelle under the leadership of Yadira Ramos-Herbert, its first female and first mayor of color.

Mon, 05/13/2024 - 05:02
A shingled bungalow with a guesthouse and a geodesic dome in Topanga, a Victorian-era retreat in Napa and a midcentury-modern home in Berkeley.
Mon, 05/13/2024 - 05:00
A woman in a HUD-subsidized apartment in a building for older New Yorkers bristles at the notion that she would stay home and “watch these four walls.”
Sun, 05/12/2024 - 08:00
New renderings have been revealed for 2-20 and 2-21 Malt Drive, a three-tower complex in the Hunters Point South master plan in Hunters Point, Queens. Designed by SLCE Architects and developed by TF Cornerstone, the development consists of a 34-story, 390-foot-tall structure with 575 units at 2-20 Malt Drive and a two-tower building at 2-21 Malt Dive with a 38-story, 440-foot-tall tower and a 25-story, 310-foot-tall sibling collectively housing 811 units. The project will span 1.43 million square feet and yield 1,386 rental units, with 30 percent designated for affordable housing, as well as around 25,000 square feet of retail space. SCAPE Landscape Architecture is the landscape architect for the master plan, which will rise from a subdivided plot bound by 54th Avenue to the north, Newtown Creek to the south, and 2nd Street to the west.
Sun, 05/12/2024 - 07:30
Construction is complete on 1607 Surf Avenue, a ten-story, 100-percent affordable housing building in Coney Island, Brooklyn. Designed by S9 Architecture and Engineering and developed by BFC Partners, the 104-foot-tall structure spans 360,912 square feet and yields 376 rental units with an average scope of 750 square feet, as well as 11,000 square feet of commercial space, 9,000 square feet of community space, a cellar level, and a 2,500-square-foot primary care facility run by New York City Health + Hospitals. The $189 million project is bound by Surf Avenue to the south, West 16th Street to the east, and West 17th Street to the west.
Sun, 05/12/2024 - 07:00
Fetner Properties recently celebrated the grand opening of 266 West 96th Street, a new residential building in Manhattan's Upper West Side. The property, which was designed by SLCE Architects, boasts 171 affordable units across 23 stories.
Sun, 05/12/2024 - 06:30
The affordable housing lottery has launched for 90 Liberty Avenue, a four-story residential building in Brownsville, Brooklyn. Designed by A&T Engineering and developed by Dianping Chen, the structure yields eight residences. Available on NYC Housing Connect are three units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $61,715 to $218,010.