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Stuytown - Stuyvesant Town/peter Cooper Village company history timeline

1938

East 20th Street looking east in the direction of First Avenue in 1938.

1942

Due to a housing crisis that had been growing since the Depression, Stuyvesant Town was already being planned as a post-war housing project in 1942–43, some years before the end of World War II. A provision was made that the rental applications of veterans would have selection priority.

The complex was developed by the Metropolitan Life Insurance Company, and was based on its earlier development in the Parkchester neighborhood of the Bronx, which was completed in 1942.

1943

In 1943, opponents of the proposed Stuyvesant Town housing plan objected to its whites-only policy.

1947

In July 1947, the New York Supreme Court determined that the development was private and that, in the absence of laws to the contrary, the company could discriminate as it saw fit.

The first tenants of Stuy Town, as it is often called, arrived in 1947, so next year marks its 70th anniversary.

1955

A historic building zoning map of StuyTown and the surrounding area from 1955.

1971

The Tenants Association was founded in the fall of 1971 as the Stuyvesant Town Tenants Association.

1973

Since opening in a neighborhood storefront in 1973, we’ve grown into a unique 38,000 square-foot learning facility with outreach programs at nearly 50 sites throughout New York City.

1974

In 1974, a contract between MetLife and the city expired after 25 years.

1993

In 1993 the Tenants Association's name was officially changed to the Stuyvesant Town–Peter Cooper Village Tenants Association.

2006

For decades it was a middle-class bastion, owned by the Metropolitan Life Insurance Company until 2006.

2010

Tishman Speyer relinquished control of the property in 2010.

2015

As of October 2015, the property was sold to Blackstone Group LP and Ivanhoé Cambridge, the real-estate arm of pension fund giant Caisse de dépôt et placement du Québec for about $5.3 billion.

In November 2015, the STPCV TA worked with Blackstone to preserve 5,000 units in our community as affordable housing for middle-class people as well as to keep an affordable supermarket in Stuyvesant Town.

2022

© 2022 The Bowery Boys: New York City History

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