For decades Stuyvesant Town and Peter Cooper Village has provided some of the most affordable housing in Manhattan. However, the completion of a $5.4 billion dollar real estate deal, the largest in American history, has residents worried about the future.
"Jerry I. Speyer, who controls some of the city's most prominent landmarks, from Rockefeller Center to the Chrysler Building, yesterday signed the largest American real estate deal ever, agreeing to pay $5.4 billion for Stuyvesant Town and Peter Cooper Village, a vast corridor of 110 apartment buildings along the East River.
Mr. Speyer, the chief executive of Tishman Speyer Properties, and his partner, the BlackRock investment bank, outmaneuvered more than a half-dozen other bidders, including a group aligned with tenants who had hoped to preserve the two adjoining complexes on First Avenue between 14th and 23rd Streets as enclaves of middle-class housing.
But these are not typical real estate trophies. Built by Metropolitan Life for returning veterans in 1947, with the help of tax breaks and the government's powers of eminent domain, Stuyvesant Town and Peter Cooper Village have served as an affordable redoubt for generations of police officers, teachers, nurses and other middle-class New Yorkers."
Thanks to Tony Delisi
FULL STORY: $5.4 Billion Bid Wins Complexes in New York Deal
Florida Considers Legalizing ADUs
Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.
HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.
Conservatives’ Decongestion Pricing Flip-Flop
When it comes to solving traffic problems, the current federal administration is on track for failure, waste, and hypocrisy.
Research Shows More Roads = More Driving
A national study shows, once again, that increasing road supply induces additional vehicle travel, particularly over the long run.
Can Progressive Planners Appeal to Conservative Principles?
Trump’s approach to policies like NYC’s congestion pricing isn’t just irrational and wasteful — it defies the tenets of conservatism. But there are ways to reframe the issues.
Oak Park Plans Earth Month Events
Join Oak Park, Illinois, for a series of Earth Month events highlighting the importance of community engagement and education, integrating sustainability into local plans, and planning for the most vulnerable, such as birds, bees and butterflies.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Florida Atlantic University
City of Grandview
Harvard GSD Executive Education
UCLA Lewis Center for Regional Policy Studies
City of Piedmont, CA
NYU Wagner Graduate School of Public Service
City of Cambridge, Maryland