The City Planning Commission (CPC) on Wednesday voted in favor of the OneLIC Neighborhood Plan, a proposal that would revamp local zoning and undertake other initiatives to create nearly 14,700 new apartments in Long Island City, Queens. The proposal also calls for developing more than 3.5 million square feet of new commercial and industrial space.
“Long Island City is one of New York City’s most bustling neighborhoods, but parts of it are held back by a lack of housing or economic opportunities. With today’s vote, we’re one step closer to changing that,” said Daniel Garodnick, Director of the Department of City Planning and CPC Chair. “The OneLIC Neighborhood Plan updates zoning for new homes and jobs and makes investments in the public realm to create a more equitable, lively, and prosperous community.”
Introduced by the Adams administration in April, the plan is said to be the largest residential rezoning in NYC history.
On October 23, 2025, Connect New York Apartments Investment & Finance brings together leading owners, investors, developers, brokers, and lenders—all under one roof—to explore adaptive reuse strategies, capital markets challenges, distressed asset opportunities, and the dynamic complexities of New York’s multifamily market
From capital markets and financing trends to development, acquisitions, and property management strategies, Connect Apartments on September 11 in Los Angeles dives into the issues shaping today’s multifamily landscape. Join the experts leading conversations on affordability, innovation, market dynamics, and investment opportunities—all in one day, under one roof. If you want the latest insights that drive decisions in apartments, this is where you’ll find them: www.connectapts2025.com
TruAmerica Multifamily acquired Bricks at Perimeter Center for $120 million. Clark Ventures was the seller of the 446-unit, garden-style apartment community in Atlanta’s Perimeter Center submarket. Clark paid $69.5 million for the property in 2016. TruAmerica will revamp nearly all of the rooms in the complex, which was built in 2007. The company plans to incorporate...
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BTI Partners and Bridge Investment Group closed on $109 million in financing for the Bread Building, a multifamily property located in downtown Hollywood, Florida. Cushman & Wakefield arranged, and Greystone provided the Freddie Mac loan for the transaction on behalf of borrowers, BTI Partners and Bridge Investment Group. Cushman & Wakefield’s Equity, Debt & Structured Finance...
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Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...
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