Will the Municipal Council say yes to the City of Yes?

Last Thursday, City Council President Adrienne Adams said the council was still figuring out what to do with the City of Yes for housing opportunities.

“It’s complicated,” she replied when I asked her Thursday about the status of the negotiations. “We’re working through a series of concerns that we heard during a 14-hour hearing, and we’re still putting it all together.”

She added that the city council was working on integrating its own plan, City for All, alongside amending the text. She highlighted the importance of ensuring affordability for renters and homeowners, and mentioned Council’s call for more capital investment in infrastructure to help accommodate new City of Yes housing.

We can probably expect negotiations to continue until the zoning subcommittee vote on Thursday.

Based on the speaker’s comments and the number of times this issue was raised during the October hearing, the Council appears eager to add affordability requirements to transit-oriented developments and to “downtown,” which allow three- to five-story apartment buildings, respectively. close to public transportation and housing two to four stories above businesses in low-density commercial districts.

The big question is how far the Council will go to allay other concerns, including how eliminating parking minimums for new residential projects will affect transit deserts. The Council could maintain parking requirements in some neighborhoods and make other concessions, such as removing provisions legalizing secondary suites.

The amendment to the text should be submitted to the municipal council for a vote on December 4.

What we think about: How will the City’s Yes for Housing Opportunities vote impact City Council members’ chances of re-election next year? Send a note to [email protected].

One thing we learned: The three types of tears are: basal tears, which keep your eyes moist; reflexive, which acts to protect against irritants such as dust; and emotional, the kind that begins to flow into virtually any Pixar animated short. This New York Times article discusses the different reasons why humans cry.

Elsewhere in New York…

— New York authorities announced Monday that the city and 10 other counties are now under a drought warning, Gothic Reports. This change means that local and state governments must implement restrictions on water use, even if these do not apply to the public. The rest of the state is under a drought watch.

— The MTA Board of Directors approved the updated congestion pricing plan Monday, reports the New York Times. The program is expected to go into effect in January.

— The Diocese of Brooklyn dismissed a pastor after discovering he made nearly $2 million in unauthorized loans to entities owned by Frank Carone, former chief of staff to Mayor Eric Adams, reports the New York Daily News. The diocese began investigating Bishop Jamie Gigantiello after he allowed singer Sabrina Carpenter to film a music video in his church.

Closing time

Residential: Monday’s most expensive residential sale was for a condo unit for $7.9 million at 100 11th Avenue, the New Chelsea building in Manhattan. The unit measures nearly 9,500 square feet with seven bedrooms. Serhant The Talia McKinney Team is the listing broker on the transaction; the unit was reduced from a listing price of $12 million.

Commercial: The biggest commercial sale of the day was $59.8 million for 232 West 29th Street. Private equity firm Prospect Ridge purchased the Holiday Inn Express from KSL Capital Partners.

New on the market: The highest price for a residential property on the market was $19.9 million for a co-op unit at 211 Central Park West. The unit measures 6,000 square feet and is located at Beresford. Sloane Square in New York Vivian Fisher has the list. Inauguration: The largest new construction application filed was for an eight-story, 42,219-square-foot residential building at 32 Skillman Street in Brooklyn. Architect Daniel Condatore was the plaintiff of record. —Joseph Jungermann