Still no timeline for feds’ approval of congestion pricing, says Secretary Buttigieg "Congestion pricing — which will levy charges on motorists entering Manhattan below 60th Street, with the aim of reducing car traffic in the region’s central business district and providing billions in funding for mass transit — was approved by state lawmakers in 2019 but has been mired in delays, as state and federal regulators toil in environmental review and interest groups attempt to tweak the law to secure exemptions." (amNY)
Brooklyn real estate market slows as sales and inventory drop after mortgage rate hike "Average price per square foot — widely considered a more true picture of value — fell slightly across most property types and neighborhoods measured, with condos down 5.7% to $1,026 and one to three-family houses down 3.8% to $676. The exception was townhouses in the northwest, whose average price per square foot rose 3.7 percent to $1,432." (Brooklyn Paper)
See inside NYC’s first Virgin Hotel, now open in Nomad "The Virgin Hotels New York City property occupies the entire block between 29th and 30th streets and Broadway." (6sqft)
More Housing Density in New York City? Not So Fast, Say Some City Lawmakers on Key Hochul Proposal "Gov. Kathy Hochul’s plan to lift a state land use rule is meeting opposition from some Manhattan and Brooklyn legislators." (The City)
The country’s biggest office-to-apartment conversion is underway inside the old Daily News office "More than 1,300 apartments will fill an empty office building in Lower Manhattan, making it the biggest residential conversion project in the country, its owners say." (Gothamist)
