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>


Landmarks votes eight designations in one day

Designations include Lord & Taylor store and Eberhard Faber Pencil Co. complex. On October 30, 2007, Landmarks voted unanimously to designate seven individual buildings and one new historic district.

In Manhattan, Landmarks designated the Lord & Taylor flagship store in Midtown, the Manhattan House in the Upper East Side, and two federal-era rowhouses in the Lower East Side. The Lord & Taylor store dates back to 1914 and is an example of the Italian Renaissance … <Read More>


Council OK’s new design standards for public plazas

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>


DOT’s Schaller on Making Congestion Pricing a Reality

Bruce Schaller, DOT’s Deputy Commissioner for Planning and Sustainability, stands on the front-lines in the battle over the City’s congestion pricing plan. Hand-picked by Mayor Bloomberg a month after the City announced its intention to charge vehicles entering or leaving Manhattan below 86th Street, Mr. Schaller must present and implement a plan that satisfies City, state, and federal officials.

As a transportation consultant, he analyzed the impact of East River bridge tolls for the Straphanger … <Read More>


HDC’s Simeon Bankoff Talks About Life on the Preservation Front Lines

The temperature was in the 90s the day Simeon Bankoff met with City- Land. Mr. Bankoff, Executive Director of the Historic Districts Council, a prominent city preservationist organization founded in 1971 as part of the Municipal Art Society, and operating independently since 1986, had just returned from a demonstration on the steps of City Hall. While most would have wilted, the charming and voluble Mr. Bankoff animatedly discoursed for over an hour on the Historic … <Read More>


Lycée Français and DoubleClick on IDA’s July Calendar

July public hearing notice lists $143 million in bond offerings and six straight leases. The New York City Industrial Development Agency, a component of the Economic Development Agency, held its monthly public hearing on July 19, 2007. The 14 project applications detailed in IDA’s public notice included over $143 million in bond offering and six straight leases.

The largest bond application on the July calendar was made by the Lycée Français de New York, an … <Read More>