The Diamond District and the Tennis Center are among the beneficiaries. On November 13, 2007 the New York City Industrial Development Agency voted to provide over $105 million in financial assistance to four entities.
IDA awarded up to $51 million in tax benefits to Extell Diamond Tower LLC, an affiliate of Extell Development Company, which will build an integrated diamond and jewelry industry facility in Manhattan’s Diamond District. IDA will extend a mortgage recording … <Read More>
New standards and guidelines intended to improve public use. The City Council approved City Planning’s proposal to update, improve, and consolidate rules for privately owned public spaces.
Under the old zoning, a developer in parts of Brooklyn, Manhattan and Queens can generate a floor area bonus of up to 20 percent if it builds an adjacent publicly-accessible open space, such as a plaza, arcade, or galleria. In practice, however, many of these privately owned public … <Read More>
EDC intends to transfer property to non-profit trade group. On September 18, 2007, Landmarks heard testimony on the possible designation of the former Public School 90 building in Flatbush, Brooklyn. Architect John Y. Culyer, also responsible for the nearby Flatbush Town Hall, a City landmark, designed P.S. 90 in 1878, before Flatbush assimilated into the city of Brooklyn. P.S. 90 built additions to the school in 1886 and 1906. Chair Robert B. Tierney stated that … <Read More>
Center would enable citywide management of emergency services. On September 6, 2007, the NYPD held a public hearing on the draft scope of an environmental impact statement for the proposed construction of a second 911 center for the City. The proposal by the NYPD, the FDNY and the Department of Information Technology and Telecommunications, consists of a 493,500- square-foot office building, along with an accessory parking garage with capacity for 500 vehicles. Designed to house … <Read More>
Proposal covers one of the largest development sites in Manhattan. On August 20, 2007, the Planning Commission launched public consideration of the 17 linked applications of developer Solow Properties for sites along Manhattan’s East Side. Solow’s plan will now go to Manhattan Community Board 6 for a public hearing and vote.
Solow proposes to rezone the former Con Edison site, which runs along First Avenue from East 38th to East 41st Streets, to develop six … <Read More>
Tower site located on York Avenue just north of Queensboro Bridge. On May 27, 2007, Solow Management’s application to construct a new 37- story mixed-use tower on York Avenue between East 60th and East 61st Streets started the City’s land use review process when the Planning Commission certified the applications as complete. As proposed, the 211-unit residential tower would sit adjacent to a 41- story as-of-right development built by Solow in 2002. The buildings would … <Read More>