East Midtown Rezoning: Looking For Extra Zoning Rights? They’re For Sale

A disarmingly simple plan for rezoning Manhattan’s office district running from Grand Central Terminal north to about 58th Street has been approved by the Planning Commission and will come to a Council vote around the time of the November election.

It has three key components:  1) The City almost doubles the allowable floor area for new buildings on large sites along the major thoroughfares; 2) it sells to the landowner the right to build the … <Read More>


Lawsuit Seeks Damages Over One Vanderbilt Agreement

Owner of Grand Central Terminal claims violation of property rights, seeks $1 billion in damages.  On September 28, 2015, Andrew Penson—the owner of Grand Central Terminal in the Midtown East neighborhood of Manhattan—initiated a lawsuit against New York City for allegedly unlawfully taking Grand Central’s air rights from him for the benefit of SL Green Realty Corporation without just compensation, which is a violation of the Fifth Amendment of the United States Constitution.  The complaint … <Read More>


City Council End of Year Round Up; Kingsbridge Armory Approved; Midtown Zoning Disapproved

New York City: Largest Ice Sport Center Approved in the Bronx.

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On December 10, 2013, the City Council voted 48-1 to turn the Kingsbridge Armory, currently a vacant landmark, into an ice sports center. The $275 million development project by KNIC Partners, LLC will feature nine ice rinks and approximately 64,300 sq. ft. of related program space, including a wellness and off-ice training center, curling rinks, and locker and equipment storage. The … <Read More>