In 2023, there was an array of new laws and amendments to existing laws passed which will impact developers and owners of real estate in New York this year and beyond. These important legal developments were largely aimed at achieving sustainable construction and building infrastructure; reducing the impacts of scaffolding and enhancing construction safety; and expediting prompt payment to contractors and subcontractors during construction projects. This article will examine the most significant developments and identify certain potential penalties for failure to comply.

Sustainability Goals

Both New York State and New York City enacted new laws in furtherance of the goals of reducing greenhouse gas emissions and achieving net-zero emissions; increasing renewable energy usage; and ensuring climate justice. While some of the new laws will not take effect for some time, it is imperative that real estate owners bear them in mind when constructing new projects or renovating existing buildings.