Rendering of proposed Development at 3 St. Marks Place Image Credit: City Planning

Community questions benefits received and context of development. On March 4, 2020, the City Planning Commission heard an application by Real Estate Equities Corporation for a special permit to transfer development rights from a landmarked site and construct a ten-story commercial building in the East Village neighborhood of Manhattan. The development site is located at 3 St. Marks Place, on the northeast corner of Third Avenue and St. Marks Place and is currently vacant. The special permit would transfer approximately 8,336 gross feet of floor area from the landmarked “Hamilton-Holly House,” across the street at 4 St. Marks Place.

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Proposed rezoning of the Water Street POPS. Image credit: Department of City Planning

The proposed zoning text amendment would facilitate the replacement of sheltered outdoor space with commercial storefronts. On March 30th, 2016, the City Planning Commission held a public hearing on an application submitted by the Alliance for Downtown New York, the NYC Economic Development Corporation, and the Department of City Planning to amend the zoning text regulating Manhattan Community District 1’s Special Lower Manhattan District, which includes property sites located within the area bounded by Pearl Street and South William Street to the west, South Street to the east, Fulton Street to the north, and Whitehall Street to the south.  The rezoning seeks to activate the neighborhood by filling empty, outdoor space with retail units.

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