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New York City Launches ‘Green Fast Track’ To Expedite Housing Development

On Monday Mayor Eric Adams and New York City Department of City Planning director and City Planning Commission chair Dan Garodnick announced the launch of “Green Fast Track,” an environmental review process aimed at accelerating the approval process for small- and medium-sized housing projects. The initiative is part of the administration’s “Get Stuff Built” plan, which seeks to cut red tape and streamline processes to increase housing availability.

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One Madison Avenue Wraps Up Construction in Flatiron District, Manhattan

Work is nearing completion on One Madison Avenue, a 27-story commercial building in the Flatiron District. Designed by Kohn Pedersen Fox and developed by SL Green, the National Pension Service of Korea, and Hines, the project involves the gut renovation of an existing eight-story structure and the construction of a new 19-story glass-clad addition above the original roof parapet, and will yield 1.4 million square feet of office space and ground-floor retail space. The property occupies a full city block at the southeast corner of Madison Square Park between Madison Avenue, Park Avenue South, East 23rd Street, and East 24th Street.

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Exterior Work Finishes on 5-22 49th Avenue in Long Island City, Queens

Construction is finishing up on 5-22 49th Avenue, a five-story residential building in the Hunters Point section of Long Island City, Queens. Designed by Issac & Stern Architects and developed by Amir Zicherman of Oren & Ivy LLC, the 50-foot-tall structure spans 9,984 square feet and will yield 15 rental units with an average scope of 665 square feet, as well as a 30-foot-long rear yard and six enclosed parking spaces. The property is located on a rectangular interior lot between Vernon Boulevard to the east and 5th Street to the west.

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New York City Landmark Preservation Commission Launches Climate Resiliency Initiative

The New York City Landmark Preservation Commission has announced the launch of the organization’s new Climate Resiliency Initiative, a sustainability effort aimed at protecting the city’s waterfront historic properties from climate-related weather events. The initiative, funded by a $500,000 multi-year hazard mitigation grant from the Federal Emergency Management Agency through the NYC Emergency Management Department, will focus on identifying and investing in vulnerable historic properties in the city’s flood zones.

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