StreetNoise

Luxury rentals eyed for homeless, NYC insurance premiums escalate, & more

By Emily Myers | February 25, 2020 - 11:00AM 

Developers who fail to find tenants for their luxury apartments are being asked to help solve the city's homelessness problem by taking in shelter residents (Bloomberg)

Changes to the Federal Flood Insurance Program are raising concerns for some NYC homeowners that unaffordable insurance premiums will push them out of the city (Gothamist) 

The luxury condos of the revamped Waldorf Astoria are now available to view—and will compete for sales in a market already flooded with high-end inventory (Crain's NY)

An $11 billion tunnel could be the solution for the crumbling BQE (New York Times)

Police are searching for a prolific burglar who's pulled off six break-ins across brownstone Brooklyn (Brooklyn Paper)

A judge has ruled in favor of a community lawsuit to halt the planned development of three luxury towers in Two Bridges (Bowery Boogie)

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