Credit: ma.com

Taconic Investment Partners LLC stepping in to complete Morris Adjmi-designed seven-story building after financial troubles delayed project. On May 31, 2012, the City Council  approved a zoning text amendment that will allow Taconic Investment Partners LLC to move forward with a plan to replace a freight-loading garage with a seven-story residential development at 412-414 Greenwich Street in the Tribeca North Historic District. Taconic is under contract to purchase the property from 71 Laight Street LLC, which originally planned to build the project.

In 2008, 71 Laight Street LLC obtained Landmarks’ approval to demolish the garage and build a Morris Adjmi-designed seven-story, aluminum-clad structure (more…)

Amendment requires wide range of developments to provide indoor bicycle parking space. On April 22, 2009, the City Council approved the Department of City Planning’s bicycle parking text amendment. The amendment requires developers to include secure indoor bicycle storage space in new buildings, conversions to residential use, and enlargements of 50 percent or more. The new requirements apply to multifamily residential, community facility, and commercial uses, as well as public parking garages. The number of spaces required differs among uses and will not count against floor area limitations. 6 CityLand 25 (March 15, 2009).

The City Planning Commission revised the proposal to address concerns raised during its public review of the plan. The modifications allowed the Commissioner of Housing Preservation and Development to grant a waiver or reduce the requirements for affordable housing developments, and changed the formula used to calculate the required storage space for dormitories in order to make enforcement less challenging. 6 CityLand 43 (April 15, 2009). (more…)