For decades Stuyvesant Town and Peter Cooper Village has provided some of the most affordable housing in Manhattan. However, the completion of a $5.4 billion dollar real estate deal, the largest in American history, has residents worried about the future.
"Jerry I. Speyer, who controls some of the city's most prominent landmarks, from Rockefeller Center to the Chrysler Building, yesterday signed the largest American real estate deal ever, agreeing to pay $5.4 billion for Stuyvesant Town and Peter Cooper Village, a vast corridor of 110 apartment buildings along the East River.
Mr. Speyer, the chief executive of Tishman Speyer Properties, and his partner, the BlackRock investment bank, outmaneuvered more than a half-dozen other bidders, including a group aligned with tenants who had hoped to preserve the two adjoining complexes on First Avenue between 14th and 23rd Streets as enclaves of middle-class housing.
But these are not typical real estate trophies. Built by Metropolitan Life for returning veterans in 1947, with the help of tax breaks and the government's powers of eminent domain, Stuyvesant Town and Peter Cooper Village have served as an affordable redoubt for generations of police officers, teachers, nurses and other middle-class New Yorkers."
Thanks to Tony Delisi
FULL STORY: $5.4 Billion Bid Wins Complexes in New York Deal

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Crime Continues to Drop on Philly, San Francisco Transit Systems
SEPTA and BART both saw significant declines in violent crime in the first quarter of 2025.

How South LA Green Spaces Power Community Health and Hope
Green spaces like South L.A. Wetlands Park are helping South Los Angeles residents promote healthy lifestyles, build community, and advocate for improvements that reflect local needs in historically underserved neighborhoods.

Sacramento Plans ‘Quick-Build’ Road Safety Projects
The city wants to accelerate small-scale safety improvements that use low-cost equipment to make an impact at dangerous intersections.
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.
Heyer Gruel & Associates PA
Ada County Highway District
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Toledo-Lucas County Plan Commissions
Salt Lake City
NYU Wagner Graduate School of Public Service