Rendering of the proposed 11-story building, designed by Shakespeare Gordon Vlado Architects. Image credit: BFC Partners

Planning Commission holds hearing for new 11-story mixed-use building with 103 units in Bedford-Stuyvesant neighborhood. On June 21, 2017, the New York City Planning Commission held a public hearing on an application for multiple land use actions to facilitate the development of an 11-story mixed-use building consisting of 71,417 square feet of residential floor area and 13,236 square feet of retail floor area. The applicant, the Department of Housing Preservation and Development, proposed that the site be designated an Urban Development Action Area Project (UDAAP) and the disposition of city-owned land to the developer. (read more…)

Lexington Gardens II. Image Credit: Manhattan Community Board 11

UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lexington Gardens II project. The approval will allow Tahl Propp Equities and L+M Development Partners to proceed with the proposed development which will provide 400 new affordable units. One quarter of the affordable units will be permanently affordable under the Mandatory Inclusionary Housing law, and the remainder will be affordable for 40 years under a regulatory agreement with the Department of Housing Preservation and Development. “The Lexington Gardens development will advance the goals of the East Harlem Neighborhood Plan by making sure that hundreds of existing local community members can benefit from affordable units,” said City Council Speaker Melissa Mark-Viverito in a statement. (read more…)

Image Credit: Wikipedia

Contributions from transfers of development rights by theaters in the district would be increased four fold—from $17.60 per square foot to 20 percent of the sales price. On September 7, 2016, the City Planning Commission held a public hearing on a proposed amendment to the City’s Zoning Resolution that would solidify the contribution rate to the Theater Subdistrict Fund related to the transfer of development rights from 46 listed theaters in Manhattan’s Theater Subdistrict. Currently, a transfer of development rights from an enumerated theater requires a contribution to the Theater Subdistrict Fund of $17.60 per square foot transferred. City Planning’s proposed amendment would change the contribution rate to a set 20 percent of the sales price and would establish a floor price for transfers as a basis for a minimum contribution. Additionally, the amendment would change the certification requirement of the special permit from approval by the City Planning Commission to only the Chairperson. For CityLand’s previous coverage of the Theater Subdistrict Fund click here. (read more…)