Community group pushes to cap Sutton Place building heights at 25 stories

The proposed downzoning would ban some commercial developments

New York /
Apr.April 10, 2017 06:06 PM

A Sutton Place community group working to curb supertalls in the neighborhood has formally submitted a rezoning proposal to the Department of City Planning.

The East River 50s Alliance wants to prohibit all commercial development unless it is for “community uses,” and to limit all new development to around 25 stories, or 260 feet, DNAinfo reported. The area that would be affected by the proposed changes is the East 50s along the East river.

The area is zoned R10, according to the website, which means there is no limit on building heights. Under the new proposal, buildings’ floor-area ratio would go from 12 to 13. However, 20 percent of any new development would need to be put aside for below-market-rate housing.

The group began formulating plans for a downzoning after Joseph Beninati’s Bauhouse Group filed plans for a 950-foot tall tower at 426-432 East 58th Street, or 3 Sutton Place. However, in January, Beninati defaulted on the $147 million, high-interest loans and filed for bankruptcy. There was some suggestion the group’s plans could affect the price of the site at auction.

In December, the site’s new owner, Gamma Real Estate, officially submitted plans for a 844-foot residential tower.

The East River 50s Alliance represents 45 buildings and 1,900 people, according to the website. Manhattan Borough President Gale Brewer and Council members Ben Kallos and Dan Garodnick support the proposal. Now that the application is with the city, the group said it expects the city to certify it within weeks, allowing the public review process to begin. [DNAinfo]Miriam Hall

(To view a selection of properties over 25 stories, click here)


Related Articles

arrow_forward_ios
(Illustration by The Real Deal)
Americans bought 5.6M homes last year — the most since the bubble
Americans bought 5.6M homes last year — the most since the bubble
Randy Mastro and 21 East 83rd Street (Photos via Getty; Google Maps)
Former deputy mayor Randy Mastro, lawyer in Lucerne controversy, lists UES home
Former deputy mayor Randy Mastro, lawyer in Lucerne controversy, lists UES home
Overall, the number of housing units that started construction last year was up 7 percent from 2019. (iStock)
Residential construction had busiest year since 2006: MBA
Residential construction had busiest year since 2006: MBA
Common Projects sneaker designer Peter Poopat bought the home in December. (Getty, Brown Harris Stevens)
$6.5M Fort Greene townhouse sale breaks neighborhood record
$6.5M Fort Greene townhouse sale breaks neighborhood record
(iStock)
Homebuilder sentiment falls for second month in a row
Homebuilder sentiment falls for second month in a row
(iStock)
Homebuying up again, but rising mortgage rates depress refinancing
Homebuying up again, but rising mortgage rates depress refinancing
The two most expensive contracts signed last week were condos at One Prospect Park West. (Douglas Elliman)
Brooklyn luxury market roars back to life
Brooklyn luxury market roars back to life
Fidelity’s Raymond Quirk (iStock)
Title insurers launch new closing tools as homebuying rises
Title insurers launch new closing tools as homebuying rises
arrow_forward_ios

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

Loading...