Search Results for: Air rights transfer

MoMA skyscraper approved

Commissioners approve proposal, but require additional preservation work for the University Club.

On May 13, 2008, Landmarks voted unanimously to allow Hines Realty to purchase developable air rights from two landmarks: the University Club, located on the corner of West 54th Street and Fifth Avenue; and St. Thomas Church, located at West 53rd Street and Fifth Avenue. The purchase will allow Hines to construct a 75-story mixed-use tower in the vacant mid-block lot adjacent to … <Read More>

Council approved Hines’s 1,050-foot MoMA tower

Council refused Hines’s request to restore the 200 feet cut from the proposed MoMA tower. On October 14, 2009, the City Council approved a modified version of Hines Interests’ proposal to build a mixed-use tower adjacent to the Museum of Modern Art complex at 53 West 53rd Street in Midtown, Manhattan. The original proposal called for an 85-story, 1,250-foot tower that would include 51,949 sq.ft. of additional gallery space for MoMA, a 147,965 sq.ft. hotel, … <Read More>