Resolution asks Albany to end Madison Square Garden’s property tax exemption. On January 30, 2008, the City Council passed a resolution calling upon the State legislature to revoke Section 429 of the State’s Real Property Law, which allows Madison Square Garden to receive a full property tax exemption.
The exemption dates back to 1982 and allows the Mayor to negotiate with the Garden to ensure the Knicks and Rangers continue to use the facility because … <Read More>
Resolution would call on Albany to create green roof tax incentive. The City Council’s Finance Committee heard public testimony on November 29, 2007 on a resolution that would request the State Legislature to amend the New York State Real Property Tax Law and establish a tax exemption incentive for property-owners to equip their buildings with green roofs.
The resolution, sponsored by Council Member Oliver G. Koppell, seeks to encourage the use of green roofs in … <Read More>
Helmut Jahn-designed tower will include four-star hotel, condos, spa and fitness center. On November 15, 2007, the City Council voted to approve Time Equities Inc.’s five linked applications to construct a 725-foot-tall mixed-use tower at 50 West Street, directly north of the Battery Parking Garage and adjacent to the Brooklyn Battery Tunnel. The tower will contain ground-floor retail, 155 hotel rooms, and 290 condominiums. The project site will also contain a 6,821-square-foot urban plaza, … <Read More>
SoHo Alliance seeks BSA intervention to halt construction. On October 26, 2007, the SoHo Alliance Community Group filed an appeal with BSA in an attempt to thwart construction of the Trump SoHo, a 42-story condominium hotel that would be located at 246 Spring Street, between Varick Street and Sixth Avenue. The appeal comes after the Department of Buildings denied the Alliance’s request to revoke approval for the condominium hotel.
Buildings approved the plans for … <Read More>
Residents prevail on claim that Manhattan building violated height limit. In 2006, the owner of 515 East Fifth Street self-certified a permit to add a sixth story and penthouse addition to the building. With construction underway, local residents and Manhattan Borough President Scott Stringer complained to the Department of Buildings that the penthouse violated the 60-foot height limit set by the zoning resolution’s Sliver Law, which limits building heights in certain districts to either the … <Read More>
Transfer of floor area from landmarked Tiffany Building facilitates construction. On September 19, 2007, the Planning Commission voted unanimously to approve the special permits and text amendment needed for 400 Fifth Realty LLC to build a 57-story mixed-use building along Fifth Avenue, between West 36th and West 37th Streets. The proposed mixed-use building would rise to a height of … <Read More>