#Latest news with #CityLabHousingBloomberg07-03-2025BusinessBloombergWhere New York City's Zoning Reform Will Add HousingCityLab Housing The 'City of Yes' plan is already having an impact. The changes to the city's landscape will mostly be subtle — on purpose. In Manhattan's upscale neighborhood of Sutton Place, a dark, aging office tower stands out among a sea of brick apartment buildings. The 50-year-old home of the Archdiocese of New York was bought last year for $100 million by the Vanbarton Group with the goal of converting it to residences. But regulations posed a hurdle for the project, requiring the developers to plan on tearing parts of the building down to forge ahead.
Bloomberg07-03-2025BusinessBloombergWhere New York City's Zoning Reform Will Add HousingCityLab Housing The 'City of Yes' plan is already having an impact. The changes to the city's landscape will mostly be subtle — on purpose. In Manhattan's upscale neighborhood of Sutton Place, a dark, aging office tower stands out among a sea of brick apartment buildings. The 50-year-old home of the Archdiocese of New York was bought last year for $100 million by the Vanbarton Group with the goal of converting it to residences. But regulations posed a hurdle for the project, requiring the developers to plan on tearing parts of the building down to forge ahead.
07-03-2025
