Silverstein zoning in on zoning change for West Side tower

Developer seeking to build more residential units at 520 West 41st Street than currently allowed

TRD New York /
Jul.July 03, 2014 08:00 AM

Larry Silverstein wants to pack lucrative residential space into his recently revealed 106-story West Side tower, but he’ll need the city to change the zoning rules in order to do so.

Current zoning only allows for about half of the residential space Silverstein wants to include at 520 West 41st Street, Crain’s reported. The building is located within the Hudson Yard Special District, where rules stipulate that buildings should primarily provide commercial space.

Silverstein is arguing that this particular plot has more in common with the residential blocks just north in Hell’s Kitchen, in part because the Lincoln Tunnel outbound approach cuts it off from the rest of Hudson Yards, according to a Silverstein Development document cited by Crain’s.

The company also points to the glut of high-density buildings in the area, arguing that 520 West 41st will be difficult to fully develop without including more residential units, Crain’s reported.

If the plan goes through, the building would set a record for the most number of floors and and units in a New York City building, as New York YIMBY previously noted. [Crain’s]Tom DiChristopher

Related Article

Larry Silverstein and the Tel Aviv Stock Exchange (Credit: Getty Images)

Institutional investors swarm Silverstein’s new TASE bonds

Larry Silverstein (photo by Max Dworkin)

The Closing: Larry Silverstein

Larry Silverstein and the Tel Aviv Stock Exchange Bull (Credit: Getty Images and Wikipedia)

As other NYC firms go quiet, Silverstein Properties prepares new Israeli bond offering

Marty Burger (Photo by Studio Scrivo)

The Closing: Marty Burger

From left: Prabal Gurung, Dana Lorenz and Stephen Ross (Credit: Getty Images)

Stephen Ross backlash hits Hudson Yards

Marty Burger (Photo by Studio Scrivo)

The Closing: Marty Burger

Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook close to finalizing Hudson Yards office deal: report

Stephen Ross at the opening of the Hudson Yards

Stephen Ross says criticism of Hudson Yards reflects anti-business sentiment in NYC