City Council approves Solow’s big project along East River

New York /
Mar.March 26, 2008 10:00 PM

The City Council approved the rezoning needed for Sheldon Solow’s $4 billion development on the East River today, clearing the way for seven towers to rise on nine acres of First Avenue from East 35th Street to East 41st Street. The project will create about 3,000 apartments, 1 million square feet of commercial space and 69,000 square feet of retail. Earlier this month, Solow won the approval of the council’s Land Use Committee after he agreed to lower the height of the proposed residential tower on the west side of First Avenue, between 39th and 40th Streets, from 69 stories to 44, and trimmed three other towers. At 595 feet, the tallest tower will be 90 feet higher than the United Nations building. The development includes affordable housing, a public school and five acres of public space.

Solow also pledged $10 million for a public pedestrian bridge over the Franklin D. Roosevelt Drive, which would connect the old Con-Ed site to a proposed waterfront park. “This is a truly sensible development, and one that respects open space and will add value to our neighborhood,” Councilman Daniel Garodnick said in a statement. Garodnick was one of several politicians who had demanded changes from Solow. “This is a once-in-a-lifetime opportunity to put a major mark on the Manhattan skyline and connect New Yorkers with the East River,” Solow said in a statement. TRD


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Neumann reveals his vision for Flow renters to “feel ownership”
Neumann reveals his vision for Flow renters to “feel ownership”
Neumann reveals his vision for Flow renters to “feel ownership”
From left: Alvin Bragg and Eric Adams (Getty)
City sues East Village landlords over illegal smoke shops
City sues East Village landlords over illegal smoke shops
From left: Extell's Gary Barnett with 217 West 57th Street, Related's Jeff Blau with 450 Washington, 300 West 30th Street and Fortis' Jonathan Landau Olympia Dumbo
New condos cool in Brooklyn, but hold steady in Manhattan
New condos cool in Brooklyn, but hold steady in Manhattan
L&L Holding Company’s David Berkey and Polsinelli’s Gabriel Dabiri along with 600 Third Avenue (Getty, L&L Holding Company, Polsinelli)
L&L, BlackRock sign law firm to renewal, expansion at 600 Third Ave
L&L, BlackRock sign law firm to renewal, expansion at 600 Third Ave
From left: 418 State and 191 Lefferts Place (Getty, Google Maps)
Brooklyn luxury market ends January with a whimper
Brooklyn luxury market ends January with a whimper
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...