Plus, Union Square is getting a Target—and more intel in
today’s New York Minute news roundup
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New York City news you need to know about today. Send stories you
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ADUs for NYC?
As New York City struggles to address its affordable housing and
homelessness crises, the de Blasio administration plans to take
creative steps to up the number of low-cost apartments in the five
boroughs. The latest: Legalizing basement apartments and even
dwelling units (ADUs)—also known as granny or in-law
flats—throughout the city, which Mayor Bill de Blasio is expected
to address in his State of the City speech tonight.
The City, the mayor will announce a program that will help
homeowners legally add these types of units to their property.
It’ll require zoning changes (to address parking concerns) and a
buy-in from the city’s Department of Buildings, but the de Blasio
administration believes the relaxed rules could add as many as
10,000 new units to the city’s housing stock.
The proposal follows a pilot program in East New York, which
launched last year and sought to help homeowners legally convert
their basements into rentable dwellings. But, according to the
City, the program is “barely off the ground”—the 40 homes
that would ultimately participate have yet to be chosen.
And in other news…
- The Food Emporium at Union Square
will be replaced by a Target in 2023. (Lest you forget,
there’s already a Target on 14th Street and Avenue A.)
- Manhattan’s Community Board 7 “voted
in favor of a resolution calling on the Department of
Transportation to assess alternative uses of curbside space in the
neighborhood”—in theory, paving the way to study if the area
actually needs free parking. (Car owners, predictably, are not
- Moinian Group’s long-dormant project at 220 11th
Avenue—once slated to have a Zaha Hadid design, but now a glassy
office building—is finally
getting off the ground.
- The Strand is
coming to the Upper West Side.
- A Forest Hills house that was once owned by Humphrey Bogart’s
is for sale.
- And Lewis Hamilton has
chopped the price of his 443 Greenwich penthouse by $5
- And finally, street signs bearing the name of the Verrazzano
finally being replaced with ones that have the correct
spelling—that’s two Zs, not one.
— Joseph Spector (@GannettAlbany)
February 5, 2020
Source: FS – All – Real Estate News 1
To solve NYC’s housing crisis, city wants to legalize basement apartments and ADUs