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 Zoning Map Amendment Image Credit: City Planning

Hotel special permitting fails to address other types of development in the Union Square South area. On January 22, 2020, the City Planning Commission held a public hearing on an application by the Department of City Planning for an expansion of the Special Union Square District, and the establishment of a special permit requirement for new hotel development in the expansion area.

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