Broadway theater gets green light on air rights

Theatre obtains expanded air rights after Commission modifies plan. Allen Goldman, of Fifth Street Holdings, LLC and SJP Residential Properties, sought to increase the air rights available for sale from the Hirschfeld Theatre on West 45th Street through a text amendment application. The theater site lies within two zoning lots; air rights, however, can only be sold from one lot under the current text. The restricted lot lies within the Preservation Area of the Special … <Read More>

Rezoning sought to allow air rights sale

Developer to buy 58,005 sq.ft. of air rights from Broadway’s Hirschfeld Theatre. An application to transfer additional air rights from the Al Hirschfeld Theatre, formerly the Martin Beck Theater, on West 45th Street started the City’s public review process on April 24, 2006 when the Planning Commission certified the applications of Allen Goldman of Fifth Street Holdings, LLC and SJP Residential Properties.

In 1998, the City enacted zoning rules aimed at preserving Broadway’s historic theaters. … <Read More>