Governor Cuomo this week signed legislation permitting the Hudson River Park Trust to sell 1.6 million square feet of air rights up to one block east of the five mile long park. Environmentalists questioned whether development in the area should be encouraged or permitted post-Sandy, but the park needs the money.
Air rights will not be for sale soon in the Midtown East area after the City Council killed Mayor Bloomberg’s plan to revitalize the aging office market. Mayor-elect de Blasio said he would bring a modified proposal back by the end of next year. Tune in, in 2015.
The City Council did give final approval to a bill requiring new construction and existing apartment buildings over five stories with water pumps to either have backup power or a potable water tap on lower floors for every one hundred occupants within eight years. They don’t want to see tenants trapped without drinking water after the next storm or power failure.
According to a survey by ABO member The Marketing Directors the most desirable public amenities in new rental construction are a swimming pool followed by a yoga studio/mediation room, whatever that is. Handball courts were not that popular. If you have smaller kids you should make sure the pool has a safety cover but you may wonder are pool safety covers really effective? click here to find out.
Ever have an oil tank leak? How about your neighbor? Check out the toxicity of any property or neighborhood with the latest interactive online map provided by Property Shark. Funny, there is no link to my daughter’s room.