New Developments in the News
JUNE 27, 2011
Tentative deal reached on city’s rent regs; a new TriBeCa condo turns traditional architecture inside-out
Gov. Andrew M. Cuomo struck a tentative deal with legislative leaders on rent regulation issues facing an upcoming vote, including the renewal of rent regulation on existing regulated apartments and property tax caps for homeowners. Cuomo annouced that the renewed legislation would preserve laws that allow landlords to deregulate apartments when tenants’ rent and income reach certain thresholds but would raise those thresholds to $2,500 from $2,000 in monthly rent, and to $200,000 from $175,000 in annual household income. The property tax measure would cap annual increases in the amount of property taxes collected annually by school districts and towns at 2 percent a year or the rate of inflation, whichever is lower.
The Landmarks Preservation Commission recently approved a new nine-story building at 83 Walker Street in TriBeCa that—literally—inverts the appearance of a traditionally-styled cast-iron facade. The building’s architect, Moarris Adjmi, described the new building as, “…an inversion of a cast iron building,” adding that “It really informs us about the nature of a cast iron building.” The inversion was created by casting a glass-reinforced concrete that is the opposite of the typical Tribeca facade. For example, instead of columns curving out from the building, they are indented into it.
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