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Assembly Bill A10632

2025-2026 Legislative Session

Establishes the Redeveloping Empty and Vacant Infrastructure for Vibrant Economies Act or the REVIVE Act

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Current Bill Status - In Assembly Committee

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2025-A10632 (ACTIVE) - Details

See Senate Version of this Bill:
S9423
Current Committee:
Assembly Housing
Law Section:
Real Property Law
Laws Affected:
Add Art 17 §§530 - 532, RP L

2025-A10632 (ACTIVE) - Summary

Provides for the adaptive reuse of certain parcels which are zoned for commercial, office, retail, or parking.

2025-A10632 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10632
 
                           I N  A S S E M B L Y
 
                              March 13, 2026
                                ___________
 
 Introduced  by M. of A. SOLAGES -- read once and referred to the Commit-
   tee on Housing
 
 AN ACT to amend the real property law, in relation to providing for  the
   adaptive  reuse  of  certain  parcels  which are zoned for commercial,
   office, retail, or parking
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. This act shall be known and may be cited as the "Redevelop-
 ing  Empty  and  Vacant Infrastructure for Vibrant Economies Act" or the
 "REVIVE Act".
   § 2. The Legislature finds and declares: For decades, shopping plazas,
 retail centers, and office parks played  a  vital  role  in  New  York's
 economic and social fabric. Today, however, many of these properties are
 in  decline due to changing economic conditions, evolving consumer pref-
 erences, and the rise of alternative retail and  business  models.  Many
 such  centers  and  their  parking  lots  have  become  underutilized or
 outright0 vacant, such that academics and planners have deemed  them  to
 be "stranded assets."
   At the same time, New York is confronting a severe housing crisis that
 demands  an  aggressive,  coordinated  response.  Addressing this crisis
 requires innovative approaches that unlock  the  potential  of  stranded
 assets for housing and community development, while thoughtfully balanc-
 ing  statewide  housing  goals with the needs and preferences of locali-
 ties. A 2024 report  by  New  York  State  Comptroller  Thomas  DiNapoli
 concludes  that,  "The State must take action to stimulate community-ap-
 propriate development actions and enhance the supply  and  diversity  of
 the housing stock." An efficient way for the State to increase the hous-
 ing supply is to open up and streamline the processes for turning vacant
 retail and parking lots into new homes.
   Converting  obsolete  retail  centers  and  parking  lots into vibrant
 mixed-use communities would promote the general welfare by  revitalizing
 underused  properties,  creating  new  opportunities  for housing, busi-
 nesses, and recreation, and strengthening the economic and social vital-
 ity of New York's municipalities. One significant  impediment  to  these
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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