DeNiro hotel fails to qualify for brownfield tax credits

Construction of DeNiro’s luxury hotel at 377 Greenwich Street nears completion. Photo:Morgan Kunz.

Developers sought brownfield credits, but had excavated and remediated site before DEC denied claim. 377 Greenwich LLC, developers of a seven-story luxury hotel and restaurant at Greenwich and North Moore Streets, conducted soil tests on the site and discovered two 550-gallon unregistered underground storage tanks. The developers applied in 2004 to the state Department of Environmental Conservation to have the site recognized … <Read More>