Proposed bill would give officials more authority to block projects

Legislation stems from Council member's opposition over Two Bridges developments

New York /
Aug.August 24, 2017 03:45 PM

Elected officials will have more power to stop new residential developments under a proposed new law introduced to City Council Thursday.

Council member Margaret Chin’s proposed law would shake up the way city government deals with rezoning proposals, Crain’s reported. If it goes ahead, the bill would allow the mayor, borough presidents and the City Council’s Committee on Land Use to bypass the “pre-application’” process that rezoning requests currently go through. That would mean politicians would have a greater power over developers, according to the publication.

The new laws could seriously hamper JDS Development Group, Starrett Corporation and L+M Development Partners and CIM Group’s three projects in the Two Bridges area. The laws could give Chin the ability to stop the projects going ahead unless they meet demands, Crain’s reported, which may mean they will need to be scaled back in size.

Michael Stern’s JDS is planning a 79-story tower at 247 Cherry Street, while L+M and CIM are working toward 62-story and 26-story towers at 260 South Street.  Starrett wants to build a 62-story building at 259 Clinton Street.  [Crain’s]Miriam Hall


Related Articles

arrow_forward_ios
The inside of a Queens apartment damaged by Hurricane Ida (Getty)
Queens homeowners demand answers for flooding
Queens homeowners demand answers for flooding
Universal Rental Assistance would generate $8.5 billion for New York (Getty, Photo Illustration by Alison Bushor for The Real Deal)
Dream big: Fully-funded federal rent vouchers would bring billions to NY
Dream big: Fully-funded federal rent vouchers would bring billions to NY
(Getty, iStock/Illustration by Kevin Rebong for The Real Deal)
No-bid contracts ripe for corruption at NYCHA buildings: investigators
No-bid contracts ripe for corruption at NYCHA buildings: investigators
New York’s rent relief fund may run dry Monday
New York’s rent relief fund may run dry Monday
New York’s rent relief fund may run dry Monday
Sen. Chuck Schumer (Getty)
Chuck Schumer calls for $80B in public housing funding
Chuck Schumer calls for $80B in public housing funding
Bronx development files late, and local pol claims credit
Bronx development files late, and local pol claims credit
Bronx development files late, and local pol claims credit
Alex Rodriguez and Constantine Scurtis of Lynd (Getty)
A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
960 Franklin Avenue in Crown Heights and Continuum Company founder Ian Bruce Eichner (Hill West Architects, Getty)
Continuum sues to stop rejection of towers by Brooklyn Botanic Garden
Continuum sues to stop rejection of towers by Brooklyn Botanic Garden
arrow_forward_ios

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

Loading...