Massive Hudson Square rezoning moves forward with Manhattan Beep’s approval

TRD New York /
Nov.November 27, 2012 02:30 PM

Manhattan Borough President Scott Stringer gave the rezoning of Hudson Square his conditional approval yesterday, though not without extracting some concessions from major landlord Trinity Real Estate, which hopes to erect new residential towers in the area, the New York Observer reported.

Trinity hopes to build new apartments in what has primarily been a commercial area. The agreement reached yesterday would limit those towers’ height to 290 feet, rather than the 320 Trinity had sought. The rezoning affects 20 potential developments, the Observer said.

When Trinity first approached the City Planning Commission in August, some commissioners expressed concern over the fact that a private entity — not the city — was proposing such a drastic zoning change, according to previous reports.

But those concerns seem to have been assuaged — the reduced height restriction as well as the addition of a school to the area have placated at least Stringer, it would seem.

“The proposed modifications will help to align the proposed rezoning with community concerns,” Stringer said in a statement, according to the Observer. “I am pleased that Trinity Church was willing to not only provide a new public school prior to ULURP commencing, but agreed to work to address outstanding issues.”

The proposal still needs to pass muster with the Department of City Planning and with the City Council. [NYO] –Guelda Voien


Related Articles

arrow_forward_ios
City Comptroller Scott Stringer (Getty; iStock)

Real estate investments cost NYC pension funds $370M

Real estate investments cost NYC pension funds $370M
Scott Stringer (Getty)

Scott Stringer takes aim at real estate in unveiling mayoral bid

Scott Stringer takes aim at real estate in unveiling mayoral bid
Justices Ellen Gesmer and Anil Singh with a Two Bridges Rendering (NY Courts)

Judges question need for public review of controversial Two Bridges projects

Judges question need for public review of controversial Two Bridges projects
(Credit: iStock)

No Covid break for big properties with unpaid taxes

No Covid break for big properties with unpaid taxes
New York City Comptroller Scott Stringer (Credit: Andrew Burton/Getty Images, iStock)

Coronavirus will cost city billions in tax revenue: comptroller

Coronavirus will cost city billions in tax revenue: comptroller
State Legislators Linda B. Rosenthal and Brad Hoylman with 200 Amsterdam Avenue (Credit: Getty Images)

Pols slam city for backing developers of 200 Amsterdam

Pols slam city for backing developers of 200 Amsterdam
A rendering of 220 Amsterdam Avenue (Credit: 200 Amsterdam and iStock)

City backs developers in fight over 200 Amsterdam Avenue

City backs developers in fight over 200 Amsterdam Avenue
200 Amsterdam (Credit: 200amsterdam.com)

City closes “loophole” that developers exploit to build towers

City closes “loophole” that developers exploit to build towers
arrow_forward_ios

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

Loading...