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

The proposed downzoning would ban some commercial developments

TRD 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
200 Water Street and 31 Prospect Park West (Google Maps)

Brooklyn’s luxury deal totals rise for 3rd straight week

Brooklyn’s luxury deal totals rise for 3rd straight week
Metro areas with less affordable housing drive high-income buyers to eye homes in lower-income neighborhoods at disproportionate rates (iStock)

TRD Insights: Gentrification happening fastest in least affordable cities

TRD Insights: Gentrification happening fastest in least affordable cities
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
Clockwise from left: Paloma Lara, Open New York’s Will Thomas, Developer Eli Weiss

Developer, activists square off on rezoning, industry distrust

Developer, activists square off on rezoning, industry distrust
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices got a bump, but a drop is coming: Report
(Images courtesy of Victor Group)

The Getty condo chops prices up to 53%

The Getty condo chops prices up to 53%
442 Union Street and 257 Berry Street (Google Maps)

Brooklyn’s luxury market reaches new pandemic high

Brooklyn’s luxury market reaches new pandemic high
arrow_forward_ios

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

Loading...