Stuyvesant Town and Peter Cooper Village, two World War II era middle-class housing developments on Manhattan's lower east side, are up for sale -- with an estimated value of $5 billion.
"The sale would be the biggest deal for a single American property in modern times. It would undoubtedly transform what has been an affordable, leafy redoubt for generations of Manhattan's middle class: teachers and nurses, firefighters and police officers, office clerks and construction workers."
The 80-acre property, one tenth the size of New York's Central Park, stretches along the East River and comprises 110 buildings and 11,000 apartments. Met Life, the current owner, is divesting itself of much of its New York City real estate holdings. The company built the two projects 60 years ago with government subsides for returning war veterans.
"The deal is likely to lead to profound changes for many of the 25,000 residents of the two complexes, where two-thirds of the apartments have regulated rents at roughly half the market rate. Any new owner paying the equivalent of $450,000 per apartment is going to be eager to create a money-making luxury enclave, real estate executives say."
FULL STORY: 110-Building Site in N.Y. Is Put Up for Sale
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
USDOT Eliminates Environmental, Equity Considerations
A new memo rescinds Biden-era regulations that prioritized renewable energy, accessibility, and equity for historically disadvantaged communities.
Study: Drops in Transit Ridership Linked to Extreme Weather
Unsurprisingly, people are less likely to use transit during extreme weather events, which are becoming more common around the country.
Washington State May Cap Rent Increases at 7 Percent
House Bill 1217 was passed by the House and will move next to the state Senate.
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.
Resource Assistance for Rural Environments
City of Edmonds
City of Grandview
Harvard GSD Executive Education
UCLA Lewis Center for Regional Policy Studies
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research