Hotel and Office Conversions — an Update
By EsqSocial Corporation 15/06/21
Since January 2021, multiple proposals were introduced in the New York State legislature to permit underutilized hotel and/or office buildings, many of which have become financially distressed due to the COVID-19 pandemic, to be converted to residential use and to override local zoning or building code requirements that would otherwise prevent such conversions....
By: Kramer Levin Naftalis & Frankel LLP