NoHo Erupts Over 19-Story Lafayette Street Tower Plan
Skidmore’s updated plans for 375 Lafayette show a terracotta‑clad 19‑story tower with roughly 200 units and 50+ affordable homes, but neighbors and preservationists are pushing back. An LPC review is set for March 10.
Newmark Grabs Leasing Reins At Scholastic’s SoHo Stronghold
Newmark will market 130 Mercer after Empire State Realty Trust’s $386M purchase; three full floors — about 112,600 sq ft — are being offered in SoHo. The sale‑leaseback keeps Scholastic on site while ESRT repositions the asset.
After Years of Misery at Park Hill, Staten Island Complex Fetches $364M Payday
A joint venture paid about $364.7M for Staten Island’s Park Hill after years of tenant complaints. New owners and public agencies say millions will fund a deep rehabilitation.
New York City to Close Final Emergency Migrant Shelter in the Bronx, Mayor Mamdani Announces Transition to Standardized System
NYC Mayor Mamdani plans to close the last emergency migrant shelter in the South Bronx by year's end, transitioning migrants to standard shelter systems.
FiDi Office Block Gets 300-Apartment Makeover In $45 Million Flip
CSC plans to convert 75 Maiden Lane into about 300 apartments after a roughly $45.2M purchase, tapping New York’s 467‑m conversion tax break. The project joins a wave of downtown conversions that have pushed Lower Manhattan’s population past 70,000.
Bronx Housing Blitz: Mamdani Hits Gas on First Fast-Track Project
Mayor Zohran Mamdani will use voter‑approved powers to fast‑track approvals for affordable housing, starting with an 84‑unit Bronx project that officials say can cut review time to roughly 90 days.
Flatiron Stunner: Madison Square Icon Trades Desks For $50 Million Sky Pads
After years of scaffolding and ownership fights, the Flatiron Building’s upper floors have been converted into private residences, marking the first time the triangular tower will be lived in. The project blends painstaking restoration with luxury interiors and deep financing.
Chelsea Housing Showdown: Judge Slams Brakes On NYCHA Demolition Plan
A judge has temporarily paused demolition of the Fulton and Elliott‑Chelsea NYCHA complex as tenants press a legal challenge. The order halts early work and vacate notices.
Verizon Ditches Manhattan HQ Deal, Quietly Shops Penn 2 Space
Verizon has listed the nearly 200,000 square feet it preleased at Vornado’s PENN 2 for sublease, reversing its July 2025 Manhattan headquarters plan and raising fresh questions for Midtown leasing.
City Environmental Labs Bolt Flushing For 155K-SF LIC Megadeal
NYC DEP will consolidate its Queens lab and offices into a 155,000‑sf Long Island City space under a 20‑year lease. City filings show the agency will cover more than $105M in fit‑out costs.
LIC Affordable Tower Snags $136.5 Million Refi Deal
Related and Phipps Houses closed a $136.5M Fannie Mae‑backed refinancing for the 619‑unit Hunter’s Point South Commons in Long Island City. The deal arrives amid LIHTC resyndication and federal bond‑rule changes that could affect preservation options.









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