Mayor Eric Adams on Thursday unveiled an overhaul of NYC's zoning regulations that aims to squeeze more housing into every neighborhood, facilitating the development of 100K new homes over the next 15 years.
The proposed measures include allowing the construction of two- to four-story additions above ground-floor commercial space and an NYC version of Granny flats—dwelling units as large as 800K SF on the properties of one- and two-family homes.
Other proposed changes include eliminating a requirement for new parking spots to be built alongside new homes and relaxing the rules on shared living options in small apartments.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
