Court ruling means NYU can plow ahead with $6B expansion

Academic buildings, faculty housing to replace dog run, playground

TRD New York /
Oct.October 14, 2014 03:20 PM

New York University today received the go-ahead to launch its $6 billion expansion plan.

An appeals court overturned a ruling from January that was blocking part of the development, according to DNAinfo. The earlier decision stated that some of the lots which NYU plans to develop were “implied park land.” NYU’s plans will add academic buildings, faculty housing and community space by 2031.

A panel of judges decided that the lots — which house a dog run, a community garden and a children’s playground — are not protected as parkland.

“While the city has allowed for the long-term continuous use of parts of the parcels for park-like purposes, such use was not exclusive, as some of the parcels (like LaGuardia Park) have also been used as pedestrian thoroughfares,” the judges wrote, according to the website.

Local activists, officials and residents in Greenwich Village oppose the plan. [DNAinfo] — Claire Moses


Related Articles

arrow_forward_ios
Stay-at-home orders and virtual classes have asked serious questions of the once-booming market for student housing. (Photo: University of North Carolina at Chapel Hill via Getty)

Quiet dorms and distress storms: Student housing sector takes hit

Quiet dorms and distress storms: Student housing sector takes hit
Hear from economist Sam Chandan on tonight’s TRD Talks Live

Hear from economist Sam Chandan on tonight’s TRD Talks Live

Hear from economist Sam Chandan on tonight’s TRD Talks Live
TriArch Real Estate Group founder Chris DeAngelis and Pebb Capital principal James Jago

Student housing property near NYU trades for $104M

Student housing property near NYU trades for $104M
Tamara Mellon and her former home at 155 West 11th Street (Credit: Getty Images)

Jimmy Choo co-founder Tamara Mellon sells condo for $19M

Jimmy Choo co-founder Tamara Mellon sells condo for $19M
From left: Stephen Ross, Scott Rechler, Maryanne Gilmartin, Marty Burger and William Rudin (Credit: Anuja Shakya for The Real Deal)

Unions at bay, but hostility for real estate worse than ever

Unions at bay, but hostility for real estate worse than ever
297 West 12th Street and Steve Croman (Credit: Google Maps and Getty Images)

Croman backed out of deal over rent-control concerns: lawsuit

Croman backed out of deal over rent-control concerns: lawsuit
Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

Steve Croman sued over illegally deregulating apartments
184-188 West 10th Street (Credit: Google Maps)

Here’s what the $10M-$20M NYC investment sales market looked like last week

Here’s what the $10M-$20M NYC investment sales market looked like last week
arrow_forward_ios

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

Loading...