NEW YORK CITY-A group of co-op boards and community groups are releasing a plan to control the increase of high-rise developments in the Lower East Side and Chinatown.
According to the group, developments located south of Houston Street have forced small businesses and residents to move out.
The proposed plan demands restrictions to be imposed on high-end housing development construction and new hotels. However, a competing plan proposed by various real-estate groups requests that regulations be relaxed. For the full story, go to Wall Street Journal.
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