Borough President testified against the rezoning because of as-of-right hotel use and “big box” retail provisions. On April 9, 2008, the City Planning Commission held a public hearing on the Department of City Planning’s proposal to rezone a 75- block area in the Hunts Point section of the South Bronx. The proposed rezoning would establish the Special Hunts Point District, bounded by … <Read More>
Proposal would create 13 million sq.ft. of developable space. On March 26, 2008, the MTA Board selected Tishman Speyer’s proposal to develop the western and eastern portions of the John D. Caemmerer Rail Yard, also known as Hudson Yards. At $1.004 billion, Tishman outbid four competing real estate developers for the right to transform the 26-acre site despite proposing the smallest number of residential units and the least amount of open space.
Tishman’s proposal, designed … <Read More>
Major League Baseball project in Harlem is among the beneficiaries. On March 6, 2008, the New York City Industrial Development Agency held a public hearing on proposed public subsidies to private entities, including a joint venture between Vornado Realty Trust and California Urban Investment Partners. The joint venture was established to build a 21-story office tower on 125th Street and Park Avenue, directly southwest … <Read More>
Residential development approved for former manufacturing district. On March 10, 2008, the Planning Commission approved Real Estate Industrials’ proposal to build two, seven-story residential buildings and a public parking garage adjacent to an as-of-right residential building and an existing four-story Red Cross headquarters on West 49th Street, between Tenth and Eleventh Avenues. The as-of-right building would have 41 dwelling units, while the two additional buildings would have 124 units total. The developer would demolish four … <Read More>
Council Member Reyna raised concerns over loss of light industrial space. On March 20, 2008, Gerald Goldman, the owner of a former factory building at 70 Wyckoff Avenue, filed a motion to withdraw his application to rezone a four-story, 62,000- square-foot commercial loft building for residential use.
Goldman had originally sought to rezone ten lots on Wyckoff Avenue between Suydam Street and Dekalb Avenue, from M1-1 to R6, in order to legalize 70 Wyckoff’s … <Read More>
Four billion dollar project includes over four million sq.ft. of develop-able space. On March 26, 2008, the City Council approved developer Sheldon Solow’s plan to build seven towers on the 9.2-acre, former Con Edison site along the East River, just south of the United Nations, from 35th to 41st Streets. The plan also includes public open … <Read More>