NYC Improving Permit Renewal
By Bradd Hout
The NYC Department of Buildings is proposing changes to help improve the permit renewal process for stalled developments. Previously, the Department of Buildings would void permits on sites that had not begun construction work within one year of a permits issuance. under the new program, a developer is allowed 4 years of no activity before the permit will expire.
The city estimates that there are roughly 541 stalled construction sites across the five boroughs. Through this action, the department intends to help ease and speed the recovery of the construction and real estate industries in NYC.