$1.054 billion offer adds more affordable housing than Tishman’s plan. On March 26, 2008, the MTA selected Tishman Speyer to develop the John D. Caemmerer Rail Yards, also known as the Hudson Yards. 5 CityLand 46 (Apr. 15, 2008). But on May 13, 2008, Tishman withdrew its proposal, prompting the MTA to select a proposal submitted by a joint venture between the Related Companies … <Read More>
Alterations are designed to restrict big-box retail and hotel developments. On May 21, 2008, the City Planning Commission voted to approve, with modifications, the Department of City Planning’s proposal to rezone a 70-block area in the Hunts Point section of the South Bronx. The area City Planning proposes to rezone is bounded by the Bruckner Expressway, Halleck Street, and Ryawa and Oak Point Avenues.
Consisting of 690 acres, the Hunts Point peninsula is characterized by … <Read More>
TransGas seeks to construct a 1,100 megawatt generating facility on land that the City intends to convert to a public park. In October 1999, Brooklyn Community Board 1 submitted plans to the Department of City Planning to rezone the Brooklyn East River waterfront in Greenpoint and Williamsburg. The rezoning was in response to the decline in manufacturing activity and the increase in residential demand in the area. The rezoning also envisioned a 28-acre park on … <Read More>
Borough President testified against the rezoning because of as-of-right hotel use and “big box” retail provisions. On April 9, 2008, the City Planning Commission held a public hearing on the Department of City Planning’s proposal to rezone a 75- block area in the Hunts Point section of the South Bronx. The proposed rezoning would establish the Special Hunts Point District, bounded by … <Read More>
Proposal would create 13 million sq.ft. of developable space. On March 26, 2008, the MTA Board selected Tishman Speyer’s proposal to develop the western and eastern portions of the John D. Caemmerer Rail Yard, also known as Hudson Yards. At $1.004 billion, Tishman outbid four competing real estate developers for the right to transform the 26-acre site despite proposing the smallest number of residential units and the least amount of open space.
Tishman’s proposal, designed … <Read More>
Major League Baseball project in Harlem is among the beneficiaries. On March 6, 2008, the New York City Industrial Development Agency held a public hearing on proposed public subsidies to private entities, including a joint venture between Vornado Realty Trust and California Urban Investment Partners. The joint venture was established to build a 21-story office tower on 125th Street and Park Avenue, directly southwest … <Read More>