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…)

Robin Kramer testifies before the Board of Standards and Appeals. Image credit: BSA

Board recognized a vested right to continue construction.  On June 16, 2015 the Board of Standards and Appeals voted to extend a construction permit to the applicant, 180 Orchard LLC, for a twenty-four story mixed commercial- and community-use building at 180 Orchard Street in the Lower East Side of Manhattan.  The building will contain retail on the cellar and ground floors, community space on the mezzanine and second floors, and hotel use through the remaining floors.

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