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Eyes on the City: What We’re Reading

We hope you enjoyed your Martin Luther King, Jr. Day and thank everyone in New York City that contributed to this year’s Day of Service. Recently, in the news: New York Times: New York City to Get $176 Million from U.S. for Storm Protections New York City may soon be one step closer to building a new flood protection system around Lower Manhattan to guard against another storm like Hurricane Sandy. Observer: Cuomo and de Blasio Lament the Collapse of 421a Tax Break Both Mayor de Blasio and Governor Cuomo are lamenting the expiration of the 421a program. The program expired this weekend, as labor unions and the real estate industry failed to come to a deal on construction wages for 421a-eligible buildings. What’s in store for the future of New York’s most expensive tax exemption? Bloomberg: Fox, News Corp. Won’t Move to New York’s World Trade Center The decision is a major setback to plans to complete the World Trade Center rebuilding project. Brooklyn Daily Eagle: Condos planned for Sunset Park’s landmarked 68th Police Precinct Station House and Stable The Romanesque Revival-style landmark at 4302 Fourth Ave. has been vacant since the mid-1970s and in dire need of repairs for decades. The proposal has not yet been approved by the Landmarks Preservation Commission. DNA Info: Judge Denies Developer’s Bid to Overturn Landmark Status of UES Buildings A developer has again been denied the ability to knock down two landmarked buildings it owns along York Avenue. The Real Deal: Shvo and Bizzi’s 125 Greenwich to house 275 condos Another supertall tower is coming to downtown Manhattan, rising to 91 stories and possibly over 1000 feet. Citylab: Mapping the Carbon Footprint of New York City Real Estate Certain properties are sometimes responsible for high amounts of greenhouse gases. How does your home or office building stack up? Happy reading!