New York S09423 allows adaptive reuse of commercial, office, retail, or parking parcels for residential or mixed-use developments.

New York S09423, also known as the "Redeveloping Empty and Vacant Infrastructure for Vibrant Economies Act" or the "REVIVE Act," amends the real property law to facilitate the adaptive reuse of certain parcels. These parcels must be zoned for commercial, office, retail, or parking uses, be at least 15,000 square feet, have a vacancy rate of at least 50% for a continuous period of at least one year, and be serviced lots. The bill permits residential and mixed-use developments on these parcels by right, provided they meet the criteria.

New York S09423 allows adaptive reuse of commercial, office, retail, or parking parcels for residential or mixed-use developments.

New York S09423, also known as the "Redeveloping Empty and Vacant Infrastructure for Vibrant Economies Act" or the "REVIVE Act," amends the real property law to facilitate the adaptive reuse of certain parcels. These parcels must be zoned for commercial, office, retail, or parking uses, be at least 15,000 square feet, have a vacancy rate of at least 50% for a continuous period of at least one year, and be serviced lots. The bill permits residential and mixed-use developments on these parcels by right, provided they meet the criteria.