News: Spotlight Content

2017 Year in Review: Nancy Doon, VHB

Name & Title: Nancy Doon, AICP, Northeast Regional Environmental Services Director

Company Name: VHB

Address: One Penn Plaza, Suite 715, New York, NY 10119

What was your most notable project, deal, transaction or professional achievement in 2017?

I served as project manager for the Greater East Midtown Rezoning Environmental Impact Statement, the largest rezoning in Manhattan since Hudson Yards in 2004. With the rezoning approved in August 2017, substantial new construction projects will begin to take shape. Over the next two decades, development resulting from the rezoning is expected to create up to 28,000 new, permanent jobs, 23,000 construction jobs, and generate the tax revenue that pays for vital city services beneficial to all New Yorkers. I am proud to have played a role in such an important project for the City. 

Who or what contributed to your success in 2017 and why?

To meet the aggressive six-month schedule for the Greater East Midtown draft environmental impact statement, and throughout the project, VHB worked closely with the New York City Department of City Planning (NYCDCP). Strong, established relationships between VHB team members and NYCDCP staff helped expedite the project, providing effective management, streamlining, and schedule adherence. Open, collaborative communication was maintained daily with NYCDCP, with potential issues highlighted before they became fatal flaws to the schedule and VHB working in concert with the agency towards solutions. VHB’s and NYCDCP’s open, honest, and collaborative approach helped to make the Greater East Midtown rezoning a success. 

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but