NYC real estate
fromTime Out New York
19 hours agoTimes Square skyscraper becomes hundreds of affordable apartments
5 Times Square will be transformed into a 38-story residential tower with 1,250 apartments, addressing NYC's housing crisis.
The complex history of the Sunset Park site showcases the difficulties developers face, escalating from various failed projects to a recent indictment involving deed fraud.
The application now before the Nassau County Planning Commission is a procedural process designed to subdivide parcels for future uses at the property. Any development applications for those uses will be submitted to the appropriate governing bodies with applicable notice and opportunity for public comment.
Colette brings eclectic design and coliving options to Buzzard Point, aiming to foster a community feel reminiscent of a European village.
Lawrence Turner warned that if higher planning fees lead to faster decision-making, it is crucial that revenue is ring-fenced for planning services rather than diverted elsewhere.