Zoning Subcommittee and Land Use Committee approve brokered rezoning and development rights transfer at St. John’s Terminal in Manhattan’s Greenwich Village. On December 6, 2016, two City Council committees approved a land use application to develop the aging St. John’s Terminal which is located across West Street from Pier 40 and just north of the Holland Tunnel. The approval will allow the transfer of $100 million of air rights from Pier 40 to the 1.7 … <Read More>
Search Results for: Neighborhood Redevelopment
Subcommittee Criticizes City’s Lack of Planning at Lambert Houses [UPDATE: City Council Approves with Modifications]
UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lambert Houses application with modification. The approved application now includes the Mandatory Inclusionary Housing option with deep affordability—half of the apartments will now be affordable for those making 30 percent or less of the average median income. The City has committed $12.3 million for infrastructure improvements in the West Farms area, including the construction of two new schools in the area—adding at … <Read More>
New Affordable Housing in East Harlem [UPDATE: City Council Approves Application]
UPDATE: On November 29, 2016, the City Council voted 49-0 to approve the Lexington Gardens II project. The approval will allow Tahl Propp Equities and L+M Development Partners to proceed with the proposed development which will provide 400 new affordable units. One quarter of the affordable units will be permanently affordable under the Mandatory Inclusionary Housing law, and the remainder will be affordable for 40 years under a regulatory agreement with the Department of Housing … <Read More>
Subcommittee Coaxes Upfront Commitment for $100 Million Out of Developer for Trust
Council Member Corey Johnson still feels hesitant about proposed St. John’s Terminal development and seeks more concessions by the developer. On November 1, 2016, the City Council’s Subcommittee on Zoning and Franchises held a public hearing on the proposed 550 Washington Street rezoning and redevelopment, and the creation of a special district in Manhattan’s Greenwich Village. The proposed development would create three separate city blocks for five separate buildings which would include four mixed-use buildings … <Read More>
Grand Central Upgrades and One Vanderbilt Construction Begins
City Officials and developer broke ground on the new One Vanderbilt office building and $220 million transit upgrade of Grand Central. On October 18, 2016, Mayor Bill de Blasio, Manhattan Borough President Gale Brewer, Congresswoman Carolyn Maloney and Council Member Dan Garodnick joined the developer SL Green for the on-site groundbreaking ceremony. The new office tower will reach 1,401 feet and cover the city block west of Grand Central. The tower is expected to achieve … <Read More>
Developer Withdraws Proposal Following Public Controversy over Affordable Housing
Phipps Houses withdrew its application for its ten-story, Barnett Avenue development following a lack of community support. On September 20, 2016, Phipps Houses, the oldest and largest not-for-profit developer of affordable housing in New York City, withdrew its Barnett Avenue development proposal—the day before its scheduled public hearing in front of the City Council’s Subcommittee on Zoning and Franchises. Phipps Houses had sought a zoning map change and two zoning text amendments to … <Read More>