Plan seeks to address pressure for residential development in the area. On January 7, 2008, the Planning Commission launched public consideration regarding KMG Greenwich’s proposal to rezone a five and a half block northern portion of Hudson Square, roughly bounded by Morton, Hudson, Clarkson, and West Streets. The proposed rezoning would facilitate the conversion of the building located at 627 Greenwich Street from commercial to residential as well as the development of a new 80,000-square-foot … <Read More>
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Kaufman Studios’ mixed-use development OK’d
Development will provide housing for studio employees, actors and other film industry personnel. On January 9, 2008, the City Council voted to approve an application to rezone an eight-lot, former manufacturing area, and build a three-lot, mixed-use development in Western Queens.
The development, proposed by Kaufman Astoria Studios and Damroc Realty, will be located on 35th Avenue between 34th and 35th Streets, and consist of two sevenstory residential buildings with 60 residential units, 62 parking … <Read More>
Council seeks to end MSG’s tax break
Resolution asks Albany to end Madison Square Garden’s property tax exemption. On January 30, 2008, the City Council passed a resolution calling upon the State legislature to revoke Section 429 of the State’s Real Property Law, which allows Madison Square Garden to receive a full property tax exemption.
The exemption dates back to 1982 and allows the Mayor to negotiate with the Garden to ensure the Knicks and Rangers continue to use the facility because … <Read More>
Columbia University’s and CB9’s plans approved
Last minute effort to delay vote until disclosure of community benefit package was defeated. On December 19, 2007, the City Council voted to approve Columbia University’s and Manhattan Community Board 9’s development plans for West Harlem after the Planning Commission modified both plans the month before. The approval clears the way for Columbia to move forward with its campus expansion into the traditionally industrial neighborhood of Manhattanville.
Columbia’s plan called for a Special Manhattanville Mixed-Use … <Read More>
Council OKs Eberhard Faber Pencil Hist. Dist
Historic district includes buildings from Brooklyn’s bygone industrial age. On January 30, 2008, the City Council voted to approve Landmarks’ designation of the Eberhard Faber Pencil Company Historic District, located in the Greenpoint neighborhood of Brooklyn, between West and Kent Streets along Greenpoint Avenue. The factory buildings serve as an example of the German Renaissance Revival style, with some buildings dating as far back as the 1880s. In 2005, the Department of Buildings issued permits … <Read More>
IDA approves up to $105 million in public benefits
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>