Cost Reality: Late-2025 data puts "upper mid-tier" gut renovations at $550–$650/sq. ft. ; luxury hits $1,000+ . Urgent Deadline: Intro 1490 (Energy Code) & Local Law 97 reporting extensions hit Dec 31, 2025 . File now to lock in old code. Labor Update: The Construction Justice Act (Intro 0910) passed Dec 20, 2025, raising wage standards for city-assisted projects, which will squeeze private contractor availability and drive up market rates. Top Neighborhoods: High permi