The City’s Planning Department withdraws its proposal to increase contributions to the Theater Fund, which supports local, off-Broadway theater productions. On February 27, 2017, the Department of Planning withdrew its application to raise the contribution rate for air rights sales within Manhattan’s Special Theater Subdistrict right before the City Council’s Zoning Subcommittee was set to vote on the issue. The proposed text amendment would have instituted a higher contribution rate, established a floor sale price, … <Read More>
Search Results for: Air Rights
Subcommittee Coaxes Upfront Commitment for $100 Million Out of Developer for Trust
Council Member Corey Johnson still feels hesitant about proposed St. John’s Terminal development and seeks more concessions by the developer. On November 1, 2016, the City Council’s Subcommittee on Zoning and Franchises held a public hearing on the proposed 550 Washington Street rezoning and redevelopment, and the creation of a special district in Manhattan’s Greenwich Village. The proposed development would create three separate city blocks for five separate buildings which would include four mixed-use buildings … <Read More>
City Planning Commission Holds Hearing on St. John Terminal Rezoning [UPDATE: City Planning Approves Application]
The proposed rezoning would permit the development of four mixed-use buildings and one commercial building across the street from Pier 40. On August 24, 2016, the City Planning Commission held a public hearing on an application for a zoning text amendment, a zoning map change, four special permits, three authorizations, and one chairperson certification to facilitate the redevelopment of the commercial building at 550 Washington Street, in Manhattan’s Greenwich Village. The project would create … <Read More>
1066-Foot Tower will Abut Landmarked Bank Building
Designated bank lobby will be converted to retail space, while new tower will accommodate residential use. On April 19, 2016, the Landmarks Preservation Commission voted to approve work impacting the individually designated Dime Savings Bank, as well as its lobby, an interior Landmark. The site lies at 9 Dekalb Avenue in Downtown Brooklyn, on an irregularly shaped block bounded by Dekalb and Flatbush Avenues and Fulton Street. The proposed tower will displace the Williamsburgh … <Read More>
City Council Approves Proposed Brooklyn Heights Library Redevelopment Plan With Modifications
The modified proposal provides for a larger Brooklyn Heights library branch, the construction of a new library branch, STEM education laboratories, and additional monetary incentives. On December 16, 2015, the City Council at its stated meeting voted to approve the Department of Citywide Administrative Services’ and Brooklyn Public Library’s Uniform Land Use Review Procedure application to redevelop the Brooklyn Heights branch of the Brooklyn Public Library. The Council-approved version of the library redevelopment … <Read More>
Lawsuit Seeks Damages Over One Vanderbilt Agreement
Owner of Grand Central Terminal claims violation of property rights, seeks $1 billion in damages. On September 28, 2015, Andrew Penson—the owner of Grand Central Terminal in the Midtown East neighborhood of Manhattan—initiated a lawsuit against New York City for allegedly unlawfully taking Grand Central’s air rights from him for the benefit of SL Green Realty Corporation without just compensation, which is a violation of the Fifth Amendment of the United States Constitution. The complaint … <Read More>