Sentences with phrase «luxury housing developers»

Earlier this year, The Allure Group sold the building to a trio of luxury housing developers for $ 116 million — even though administration officials had been looking to turn it into affordable housing.

Earlier this year, the group sold the property at 45 Rivington Street to luxury housing developers for $ 116 million.

Commisso said that as mayor he would review financial incentives given to luxury housing developers and restructure the city's now - quasi-public economic development agencies, making them more accountable to the mayor and Common Council.

After the deed change, Allure sold Rivington House to a luxury housing developer, a move that de Blasio and 1199 didn't seem to anticipate.

The Lower East Side lost a protected health center after city officials lifted protections at the site at the urging of a labor union close to the mayor — a move that produced a windfall for the buyer, who flipped the property to a luxury housing developer.

Not exact matches

Rather than Kirsty and Phil or Amanda Lamb showing well - heeled couples around luxury cottages, property developer Marco Robinson invites families affected by the housing crisis to tell him why they should be given a three - bedroomed house.

Andrew, on the other hand, has often appeared callow and controlling: He drove a Jaguar with AMC ESQ plates; he ordered up 30,000 copies of a 150 - page brochure on his Housing and Urban Development (HUD) tenure; and after a disastrous 2002 run for governor, he went to work for a developer he had investigated at HUD, raking in $ 2.5 million over three years helping to build luxury marinas, of all things.

Activists have been calling to an end of the tax break recently, which they say only aids developers to build more luxury housing.

Critics today, including members of the de Blasio administration and some developers, say that the current program often stimulates luxury housing more than affordable units.

«If Albany will not give us the changes we need, if Albany will not strengthen rent regulations, if Albany will not pass a mansion tax, if Albany will not protect us, then here's what I think about any tax breaks for condominiums, luxury condominiums, any tax breaks for developers who are not going to create affordable housing — I say end those tax breaks once and for all,» he told congregants at First Corinthian Baptist Church in Manhattan, according to a recording provided by a spokesman.

You have developers of luxury housing that have been coming in for a number of years and they will not be paying taxes for decades and that's taxes not paid to the school districts of Albany County or our library branches.»

A big supporter of the city's real estate industry while speaker, Silver was criticized in 2013 for packing tax breaks for five major New York luxury developers into legislation regarding housing programs.

«Today marks the day that we are coming out of twenty years of darkness,» said Bertha Lewis, who condemned the Bloomberg administration, charging that it allowed developers to build luxury housing that low and moderate income New Yorkers can not afford.

The mayor said he sympathizes with residents» concerns about gentrification, development and displacement but echoed his longstanding argument that there are two options: either «do nothing» and watch rents increase and people get displaced or «do something» and at least create new affordable units when developers build luxury housing.

NEW YORK CITY — For the second time this year, Glenwood Management, one of the largest developers of luxury housing in Manhattan, is at the center of a corruption scandal that will once again shake city and state politics.

The program provides tax breaks for developers, some of whom like Glenwood, build luxury housing.

The developers wanted Silver — who wielded immense power in the lower house of the State Legislature — to extend a law giving tax breaks to developers of apartment buildings that include affordable units alongside luxury units.

The developer — which hired lobbyist James Capalino to engage with City Hall aides — plans to demolish two buildings on the site and either build a luxury condo building or a series of apartment towers that would include affordable housing.

In response to de Blasio's plan, Brewer called for an inclusion of even more affordable housing, a reduction of luxury housing included in deals with developers, increased vigilance by HPD to make sure existing affordable housing units are not lost, that there are tenant education clinics (with no income restrictions) in areas where upzoning is proposed.

«421 - a in the past was a giveaway to developers and it often funded luxury housing,» de Blasio said on Friday morning's The Brian Lehrer Show on WNYC.

The New York Daily News followed the campaign donations of New York City real estate developers who won tax breaks for luxury real estate developments in a housing bill.

The New York City Housing Authority intends to raise roughly $ 50 million by leasing land in the middle of housing projects to developers who could build up to 3 million square feet of luxury high - rises, the New York Daily News reHousing Authority intends to raise roughly $ 50 million by leasing land in the middle of housing projects to developers who could build up to 3 million square feet of luxury high - rises, the New York Daily News rehousing projects to developers who could build up to 3 million square feet of luxury high - rises, the New York Daily News reported.

More often than not these locations were in areas which probably could've used more affordable housing, even though developers had luxury condos in mind.

Gemma has gained in - house experience through client secondments to a global luxury fashion online platform and an international developer of lifestyle content for television, the internet and emerging platforms.

For - profit developers have also used tax - exempt bond loans and 4 percent LIHTCs to create buildings that mix new affordable housing with luxury apartments, especially in high - rise developments like New York City.

Dupuis and Landolt, who have sold more than 22,000 condos and specialize in luxury and resort projects, work with developers that become certified to use the World Housing brand on a sales project.

At the same time, higher regulatory and construction costs in this cycle combined with «Not in My Back Yard» challenges have resulted in developers building virtually exclusively luxury housing.

Capitalizing on the demand for luxury housing with services, Sunrise Senior Living has teamed up with a St. Louis - area developer to convert a 23 - story high - rise into upscale apartments exclusively for seniors.

The explosion of luxury residential apartment and housing condominiums currently being experienced by the capital city of Maputo is an aspect that has seen many multi-national developers becoming eagerly involved in the Mozambique market.

The Wall Street Journal reports that developers in competitive urban real - estate markets are building luxury housing in rundown neighborhoods, pitching them as...

For example, in Mount Vernon, N.Y., the city and developers are hoping to revitalize the city's downtown as part of a redevelopment effort that includes «luxury workforce housing,» with amenities such as a gym, cinema room, children's playroom and rooftop terrace.

The growing luxury housing segment has encouraged many reputed developers to launch projects with...

«In the short term, it will be more competitive for developers, but as a long - term development strategy we certainly see strong and increasing demand for luxury housing downtown.»