Tag: Empire State Development Corp

Affordable Apartments Are Coming to the Top of New York’s Skyline

A deal to build the city’s newest residential skyscraper includes an unusually high number of apartments for low-income renters, plus some set aside for survivors of 9/11.

The Office Market is Cratering. Why Should That Hold Up Penn Station?

Several lawmakers have withdrawn their support for the state’s project in Midtown Manhattan as new developers rush to offer alternatives for remaking the transit hub.

Why New York State Insists That the Penn Station Area Is ‘Blighted’

The designation gives Gov. Kathy Hochul authority to transform the Manhattan neighborhood and build 10 skyscrapers there. A lawsuit is challenging her claim.

Manhattan Has a Glut of Empty Offices. Hochul Wants to Build More.

Despite near record-high office vacancies, Gov. Kathy Hochul has backed a real estate project at the New York transit hub that would be one of the largest in American history.