The Real Deal New York

DCP will review JDS’ 1,000-foot LES tower after all

Agency reverses earlier stance on project

August 25, 2016 04:09PM

Rendering of 80 Rutgers Slip

Rendering of 80 Rutgers Slip

UPDATED, Aug. 25, 4:27 p.m.: The Department of City Planning will review JDS Development’s proposal to build a 1,000-foot tall tower in the Lower East Side, reversing its earlier position.

The agency had initially said it wouldn’t move forward with the project, citing a rival development and lawsuits by Park-It Management’s Gary Spindler and developer Roy Schoenberg. But on Tuesday the agency sent a letter to JDS saying it will review it after all because Spindler and Schoenberg withdrew their application to build on a neighboring site.

The two developers recently sued JDS, accusing it of “hijacking” air rights they were in contract to buy. According to the complaint, Spindler and Schoenberg signed a contract to buy 235 Cherry Street from two nonprofits, Settlement Housing Fund and Two Bridges Neighborhood Council, in 2012 with plans to build a rental development. But the organizations later canceled the contract and sold the property’s air rights to JDS instead.

Michael Stern’s firm plans to build an 80-story rental tower at 80 Rutgers Slip, which will rise next to Extell development’s condo tower One Manhattan Square. [Crain’s]Konrad Putzier

Correction: an earlier version of this post incorrectly described 80 Rutgers Slip as a condo project.