Rent Board Reins in Suggested Increase, Proposing 2% to 4% A compromise touted by Mayor Eric Adams leaves nobody happy, with landlords warning about higher costs and tenant advocates pointing to a spike in evictions and homelessness. (THE CITY)
NYC to fill gaps in Brooklyn, Queens bike and pedestrian greenways with $48M investment "Mayor Eric Adams wants to earmark $47.6 million in the upcoming city budget for shared bike and pedestrian paths also known as greenways, a senior official from his administration announced Thursday." (amNY)
Explore the rich transit history of the Bronx at a new Grand Central exhibit "Before City Island voted to become part of New York City in 1895, and before it was consolidated into the Bronx in 1898, the area relied on a horse-drawn railroad — a trolley car that rode on rails and was pulled by horses — to connect to the Bartow station of the Harlem River and Port Chester Railroad. But the Interborough Rapid Transit Company (IRT), which built New York's first subway line in 1904, was focused on using newer technologies to improve commutes." (Gothamist)
NYC offices are getting San Fran-style perks to lure reluctant workers back "Last year, real estate brokerage Savills made major changes to its 63,000-square-foot Midtown office that included the installation of a smorgasbord of tech-driven gizmos. The space now has a podcast room, 11 Zoom rooms, soundproof phones, collaborative spaces of various sizes and huddle rooms." (NY Post)
HSBC Bank Signs for 265K SF for New HQ at The Spiral in Hudson Yards "The financial institution will lease 265,000 square feet on three floors of the 65-story office tower for a term of 20 years, where it will get access to twin-tiered terrace views of Manhattan’s waterfront looking north. HSBC plans to move into the building by January 2024..." (Commercial Observer)
