Lower Manhattan property owner claimed it was singled-out by down-zoning. In 2003, the City Council approved a South Street Seaport down-zoning that reduced the permitted height and mass of future development in a 10-block area of Lower Manhattan. Peck Slip Associates LLC., the owner of a surface parking lot at 250 Water Street, sued the City and City Council, claiming that the down-zoning made development impossible. It further claimed that the 2003 downzoning was inconsistent … <Read More>
Down-zoning in South Street Seaport upheld. Peck Slip Assoc. LLC, the owner of a surface parking lot at 250 Water Street, sued the City seeking to invalidate City Council’s down-zoning of the South Street Seaport area on a claim that the rezoning made 250 Water Street impossible to develop.
In April 2003, the City Council approved a South Street Seaport down-zoning, reducing the permitted height and mass of all future development in a l O-block … <Read More>