The Governor’s Proposed Commercial Conversion Initiative
By EsqSocial Corporation 26/01/21
On Jan. 19, 2021, Governor Andrew M. Cuomo proposed an amendment to Section 277 of the New York State Multiple Dwelling Law (MDL) that would “authorize flexibility in zoning to address high commercial vacancy rates and underutilized hotel properties located within specified areas in New York City, particularly in response to the COVID-19 pandemic” (State…...
By: Kramer Levin Naftalis & Frankel LLP