With the full legislature and governor facing re-election in 2026, HGAR and NYSAR are already preparing for what could be a watershed year for housing policy.
The NYC Rent Guidelines Board voted to approve rent increases of 3% for one-year leases and 4.5% for two-year leases on rent-stabilized apartments.
NAR successfully secured its top five priorities in the final package.
The downtown area, planned as Tuxedo Reserve's Main Street, includes four mixed-use multifamily buildings totaling 93 upscale apartments.
This project represents a $600-million investment to build a five-story, 3.2 million-square-foot facility that will replace an active heavy mining operation with a dynamic advanced economic development project.
Some of the project highlights include the construction of a five-story facility with each floor consisting of approximately 600,000 square feet of space.
In his new role, Irace will focus on cultivating strategic partnerships, recruiting new investment to the region, and promoting development opportunities.
An additional lane will ease congestion to tourist destinations and support local businesses that rely on efficient transportation for deliveries.
Business leaders praised Halahan’s work since 2002 as President and CEO of the Orange County Partnership and also hailed Eckert’s appointment.
The potential development opportunities will focus on targeting offshore wind supply chain companies, state officials noted.
HGAR strongly opposes Good Cause Eviction, arguing it limits landlords' ability to manage properties. Automatic lease renewals, rent restrictions, and legal hurdles could discourage investment, shrink rental inventory, and raise costs for both landlords and tenants.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
The Orange County Partnership, founded in 1986, has assisted in a total of 873 attractions and expansion projects in 38 years.
The NYSERDA grant announcement builds on the recent allocation of nearly $4 million in federal funding to the Educational and Cultural Trust Fund of the Electrical Industry.
Eckert of the Orange County Partnership said that national developer interest in Orange County remains “very strong” despite the present financial market volatility.
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