MTA strikes deal with Related & Goldman Sachs

Proposed redevelopment of Hudson Yards. Image: dbox, courtesy of Related Companies.

$1.054 billion offer adds more affordable housing than Tishman’s plan. On March 26, 2008, the MTA selected Tishman Speyer to develop the John D. Caemmerer Rail Yards, also known as the Hudson Yards. 5 CityLand 46 (Apr. 15, 2008). But on May 13, 2008, Tishman withdrew its proposal, prompting the MTA to select a proposal submitted by a joint venture between the Related Companies … <Read More>


City Planning submits East Village rezoning

City seeks 111-block rezoning for contextual districts with height limits. On May 5, 2008, the Department of City Planning certified its proposal to rezone 111 blocks in the East Village and Lower East Side sections of Manhattan. The proposal covers an area bounded by East 13th Street to the north, Avenue D to the east, Delancey Street to the south, and Third Avenue to the west. Once considered the densest concentration of people in the … <Read More>


Council negotiates modifications to 125th Street rezoning

Council Members Dickens and Jackson defend plan despite vocal opposition from local residents. On April 30, 2008, the City Council modified the Department of City Planning’s plan to rezone the 125th Street corridor, a 24-block area in the Harlem section of Manhattan.

The plan will rezone large portions of the east and west ends of the corridor to encourage arts, entertainment, and retail uses. The plan will also impose height limits, street wall continuity requirements, … <Read More>


MTA selects Tishman’s billion dollar bid for Hudson Yards

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>


125th Street rezoning moves forward

Angry local opposition jeered and escorted out by security. After a public review that included over 170 meetings with local residents, the Planning Commission voted to approve the Department of City Planning’s proposal to rezone the 125th Street corridor, which includes 124th and 126th Street.

Once a prestigious epicenter of African American culture, the 125th Street corridor has suffered from a lack of public and private investment since the 1960s. In recent years, however, renewed … <Read More>


Council okays Solow project

Sheldon Solow’s development plan for the former Con Edison site on the East River. Image: DBOX for Solow Management

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>