Close Menu
    Trending
    • The 4 Best Types of Rental Properties for NEW Investors to Buy
    • An Alarming 75% of Homes Are Too Expensive For Buyers
    • The U.S. housing market in 2025: A year of normalization
    • NAR supports major housing reforms in 2026 legislative agenda
    • DSCR loans became an investor favorite in 2025
    • NYC’s Biggest Developments of 2025
    • The Most Encouraging Sign in 3 Years
    • The Investor’s Guide to Winter Property Maintenance in the South and Midwest
    WorldEstateUSA
    • Home
    • Real Estate
    • Real Estate News
    • Real Estate Analysis
    • House Flipping
    • Property Investment
    WorldEstateUSA
    Home»Real Estate Analysis»City Council Approves Long Island City rezoning

    City Council Approves Long Island City rezoning

    Team_WorldEstateUSABy Team_WorldEstateUSANovember 12, 2025No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The Metropolis Council on Wednesday authorised the ultimate neighborhood rezoning of the Adams administration. 

    The Council voted in favor of rezoning 54 blocks in Lengthy Island Metropolis, a plan that’s projected to create 14,700 new properties within the Queens neighborhood over the following decade. Of these items, 4,300 are anticipated to be inexpensive. 

    Council member Julie Received, who represents Lengthy Island Metropolis, made clear that her help of the rezoning hinged on Metropolis Corridor making a number of commitments. In response, the administration pledged round $1.9 billion to assist create a contiguous waterfront, add greater than 1,300 seats at new faculties, restore public housing at Queensbridge Homes and improve sewer and stormwater administration infrastructure. (Received and different Council members previously pegged the funding at $1.5 billion, however subsequently introduced the quantity was nearer to $2 billion.)

    Earlier than advancing the rezoning, the Council additionally made a number of adjustments to the proposal, together with requiring deeper affordability and limiting constructing heights in some areas. For instance, builders constructing within the Queens Plaza West space should put aside 20 % of a mission’s items for households making a mean of 40 % of the realm median earnings, with earnings bands capped at 130 % AMI. 

    These restrictions are specified by the “deep affordability” possibility beneath the town’s Necessary Inclusionary Housing program. Underneath the City of Yes for Housing Opportunity, that possibility was made accessible to the Council as one thing it might mandate, somewhat than provide up alongside different affordability ranges.  

    A lot of Lengthy Island Metropolis has been rezoned during the last three many years, however these plans haven’t included the 54-block space. The newest rezoning permits extra residential, in addition to retail and light-industrial use, in an space zoned for low- and medium-density manufacturing.

    The rezoning contains city-owned websites at 44-36 Vernon Boulevard, 44-59 forty fifth Avenue and 4-99 forty fourth Drive, which might be transferred to builders.

    The websites had been as soon as envisioned as a part of Amazon’s new headquarters, earlier than the tech big deserted these plans in February 2019. 

    Thursday marks the seven-year anniversary of Amazon saying that it had chosen Lengthy Island Metropolis as one of many two areas the place it could construct a brand new headquarters. 

    Throughout a press convention forward of Wednesday’s vote, Received famous the anniversary (although she appeared to combine it up with the date Amazon pulled out of those plans). 

    “As an alternative of a $3 billion handout to a company like Amazon HQ2, we’re now receiving $2 billion in funding,” she stated. 

    The rezoning is the fifth neighborhood rezoning to be authorised beneath the Adams administration, following Jamaica, Midtown South, Atlantic Avenue and areas round four planned Metro-North stations in the Bronx.

    The Council’s vote comes after New Yorkers authorised ballot measures that can change how sure housing initiatives are authorised. Some initiatives will have the ability to bypass Metropolis Council assessment, whereas a newly-created appeals board can reverse the Council’s rejection of different housing initiatives. 

    Council leaders opposed the measures, arguing that they deny native members the power to barter on behalf of their communities. Received has pointed to Metropolis Corridor’s monetary dedication as proof that native members are key to securing advantages for his or her constituents.  

    If the newly-approved poll measures had been in place earlier than the Council voted on the Lengthy Island Metropolis rezoning, just one would have doubtlessly utilized. That measure creates a three-person appeals board that may reverse the Council’s rejection of land-use functions that might create inexpensive housing.    

    It stays to be seen how drastically these measures change the town’s land-use assessment course of and the way they’re carried out by the following mayoral administration.

    Learn extra

    City Council approves Jamaica rezoning to build 12K apartments


    Cities consider proposals to limit veto power of individual elected officials


    Councilmember Julie Won with Long Island City and Skyline Tower

    Long Island City rezoning would add to neighborhood swing






    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleEyal Ofer Refinances Anagram Columbus Circle
    Next Article FHFA evaluates assumable and portable mortgages
    Team_WorldEstateUSA
    • Website

    Related Posts

    NYC’s Biggest Developments of 2025

    December 26, 2025

    Biggest Real Estate Policy and Politics Stories of 2025

    December 24, 2025

    City Council Speaker Adrienne Adams Damages Housing Legacy

    December 24, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    5 Reasons Investors Are Loved & Hated in Mobile Home Communities

    December 10, 20250 Views

    How UWM’s Newest Tech Additions Giving Brokers Unmatched Growth, Speed and Control

    December 5, 20250 Views

    NAR 2024 balance sheet shows revenue growth

    December 3, 20250 Views

    New York Top Real Estate Deals: Monday, Dec. 8, 2025

    December 9, 20250 Views

    Casa Blanca Heads, Investors Trade Misconduct Allegations

    November 18, 20250 Views
    Categories
    • House Flipping
    • Property Investment
    • Real Estate
    • Real Estate Analysis
    • Real Estate News
    Most Popular

    Real Estate Scion is Holdout Against Artists in Soho Drama

    November 28, 202541 Views

    Larry Ellison Buys Two Pierre Units From Shari Redstone

    November 27, 202517 Views

    Hungerford, Haruvi Face Foreclosure on Loans Worth $173.4M

    November 26, 202514 Views
    Our Picks

    Lisa Cook defense disputes intent in mortgage fraud probe

    November 18, 2025

    What if the real homebuilding disruption isn’t AI — It’s culture?

    November 14, 2025

    The Green Team joins eXp’s Sports & Entertainment Division

    November 6, 2025
    Categories
    • House Flipping
    • Property Investment
    • Real Estate
    • Real Estate Analysis
    • Real Estate News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Worldestateusa.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.