How a major ground-up apartment development signals the transformation of the Financial District from a traditional business hub into a 24/7 residential neighborhood. Introduction: A New Residential Landmark Rising Downtown Lower Manhattan has spent the past decade undergoing one of the most significant transformations in New York City real estate. Once dominated almost exclusively by office...
by InRealEstate
A Symbolic Shift at the Heart of New York In a development that signals a fundamental reimagining of one of the world's most iconic urban districts, New York State has approved a plan to convert the former headquarters of accounting giant EY at 5 Times Square into a mixed-use residential tower. The project, which will transform approximately 918,000 square feet of underutilized office space into 1,250...
by InRealEstate
Understanding the Policy Decision and Its Far-Reaching Implications In a landmark decision that delivers on a central campaign promise, the New York City Rent Guidelines Board voted 7-1 on June 25, 2026, to freeze rents on both one-year and two-year leases for approximately one million rent-stabilized apartments across the five boroughs. The freeze takes effect October 1, 2026, and extends through...
by InRealEstate
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