Cuomo provides details on when real estate, retail can reopen

May 4, 2020

Starting next week, New York will gradually start to reopen, with real estate businesses among the second phase of sectors permitted to open their doors. Gov. Andrew Cuomo said on Monday that real estate, retail, finance, insurance, administrative support and professional services will be among the second set of businesses to reopen as the state winds down his “New York On Pause” order. Construction and manufacturing businesses, along with select retail in the form of curbside pickup, will be the first to start back up. The governor’s stay-at-home order is set to expire May 15, at which time only areas of the state that meet certain criteria — laid out by the Centers for Disease Control and Prevention — will be able to start reopening. Cuomo listed seven different requirements regions must meet, including a 14-day decline in hospitalizations, or fewer than 15 hospitalizations per day; and a 14-day drop in coronavirus-related hospital deaths, or fewer than five deaths per day. As of Monday, New York City only met three of the seven metrics, including the decline in hospitalizations and virus-related deaths.

 

Read more via The Real Deal here.

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