I would like to say that there are no coincidences in politics.
An example: the last four municipal council approvals of a real estate project on the objections of the local member were at the end of four -year election cycles: 2009, 2021 and 2025. Credit for that observation goes to Howard Slatkin of the Citizens Housing and Planning Council.
The message of the council when it is the custom of “members respect” seems to be: “Do you see? We are not provincial, peat -protecting insiders! We act in the interest of the entire city!”
But we are talking about four authorities in two decades, if not any longer. At that time, the Council considered thousands of land use applications and in 99.9 percent of them the local member decided the result.
Make no mistake: the reverence of the members is alive and well.
It is also no coincidence that two of the four authorities arrived last week, because the council set up a campaign against City Charter Revisions who – if approved by voters on November 4 – would weaken the reverence of the members.
Perhaps council speaker Adam’s Adams will point to the approval of the Chamber of 25 September of Bronx and Brooklyn Rezonings about the objections of councilors Kristy Marmorato and Simcha Felder, as proof that the system works. No reform required!
Sorry, no. As noted, these are exceptions. Real bijters.
The Override 2021 was to approve a New York Blood Center project. In that case, the council cut off a member unpopularly with his colleagues, Ben Kallos. He had the side of the title residents of Upper East Side who claimed that Shadows would ruin their precious playground. Project supporters said it was more important to find a cure for sickle cell anemia.
Certainly, there was a political theater going on. Kallos claimed that he might have negotiated a deal with developer Longfellow Real Estate Partners had not hijacked the process.
Incidentally, the Blood Center project still has to break the land.
Back to Charter Revision: one measure would create a professional process for applicants voted by the council. Rejections can be destroyed by getting two votes from a three-part panel from the mayor, the Borough president and the speaker of the council.
Will voters change his mind about the questions of the charter as a result of the voices of the council last Thursday? No chance. Only nerds with land use will even connect those dots. But the Charter Revision Commission can take some credit for transfers.
What we think about: While the council speaker New Yorkers asks to vote against charter reforms that weaken the power of the council, the conservatives of the council and rep. Nicole Malliotakis charged on Tuesday to remove those three questions from the mood.
They complain that the revisions would accelerate some projects on environmental reviews. That is exactly the point: to stop unnecessary reviews that secure the process and make housing more expensive.
Once conservatives wanted to free the private sector from bureaucracy and frivolous court cases. Here they complained to do the opposite.
It is an ironic but common example of conservatives that can use liberals processes to postpone new homes and infrastructure. What are your thoughts? E -mail them to a gigist@thereealdeal.com.
Something we learned: A quinnipiac survey Of the likely voters from New Jersey, only 6 percent of them discovered (including 8 percent of the Democrats and 4 percent of Republicans) considered affordable homes as the most important issue in determining their voice in the Governor’s breed. Why so little? Partly because 63 percent of the New Jerseyans are homeowners.
Elsewhere…
– Remember when home mortgages Was bundled in securities and sold to investors in public markets? That has not happened since 2013 – not because publicly published RMBs are prohibited, but because because instructions Five years after the fact that the housing crash has installed, she was effectively set up. The REGs required detailed information about each mortgage in these bundled effects.
Last week, the Securities and Exchange Commission Asked for comments About reviving them. If that sounds familiar, you are one of the few people who after the fact that this issue continued to pay attention ‘The big short. “For everyone else: in 2019, the then SEC chairman Jay Clayton gave one identical request. But Donald Trump lost the elections, Clayton left his post and the RMBS effort was mothballed. (Clayton is now the best federal public prosecutor in Manhattan.)
– The new rates of President Trump On wood and cupboards, $ 720 and $ 280 will be added to the costs of a new house respectively, UBS estimates. The first rate adds 10 percent to the costs of softwood wood and wood import, and the second adds 25 percent to the costs of kitchen cabinets, bathroom sides and upholstered wood products.
– Do you want an adu? The city began to accept applications on Tuesday to create accessory residential units via the DOB NOW: Portal for submitting.
Closing time
Residential: The best residential deal was recorded on Tuesday was $ 5.75 million For a condominium unit of 2,170 square foot at 151 East 58th Street, a Beacon Court in Sutton Place. Marina Bernshtein with Brown Harris Stevens had the list.
Commercial: The best commercial transaction was $ 213 million for a retail possession of 44,200 square foot on 529 Broadway in Soho. The seller was a joint venture that included the properties of Jeff Sutton. The buyer was the furniture store Ikea.
New on the market: The highest price for a home that hit the market was $ 11.75 million For a pre -war cooperative at 770 Park Avenue in Lenox Hill. Leslie R. Coleman and Christina Lee with Brown Harris Stevens have the list.
– Matthew Elo
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