A court decision to toss a signature rezoning plan of the de Blasio administration in New York City had immediate repercussions for a development proposal that would have added hundreds of new affordable housing units.
"The biggest developer in Inwood said the economics for a 730-unit affordable housing development his firm had been planning to raise may have just been upended by a surprise court decision that nullified a 2018 rezoning of the neighborhood," reports Daniel Geiger.
"Charles Bendit’s real estate development firm, Taconic Investment Partners, had been planning to build a large residential project at 450 W. 207th St. that it had purchased in 2015 in anticipation of the rezoning," according to Geiger.
Ryan Deffenbaugh reports on the court decision, made just a few days prior to the announcement about the development project.
"Judge Verna L. Saunders sided with local opponents to the land-use changes, agreeing that the city failed to take the required 'hard look' at the environmental concerns of residents," according to Deffenbaugh.
FULL STORY: Inwood's biggest developer says scuttled rezoning will upend huge affordable housing project
Rezoning Enhances the Changes Already Coming to Manhattan's Northern End
The New York City Council this month approved a rezoning plan for the neighborhood of Inwood, located at the northern tip of Manhattan.
Op-Ed: Rezoning Would Mean a New Waterfront for a Manhattan Neighborhood
A rezoning plan for the neighborhood of Inwood could take a critical step forward this week.
NYC Rezoning Plan Reinstated Despite Lack of Racial Impact Analysis
The New York Appellate Division's First Department made short work of a ruling that reinstated the Inwood NYC Action Plan, which a lower court dismissed in December 2019.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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