Government briefs

Nov.November 01, 2013 07:00 AM
Grand Central station

Grand Central station

Midtown East rezoning heads to the City Council

The City Planning Commission unanimously approved the Bloomberg administration’s Midtown East rezoning plan, Crain’s reported. The vote was a crucial step in the approval process for the controversial plan, which has drawn criticism from community groups and some public officials. The rezoning now faces its final test in front of the City Council, which is now holding public hearings on the plan and has until the end of this month to vote on it. The plan would upzone a large swath of Midtown to encourage the construction of new, modern skyscrapers. The city would sell air rights to allow that development, using the proceeds to pay for transit and pedestrian improvements around Grand Central station.

Sweetheart WTC naming deal scrutinized by AG’s office

State Attorney General Eric Schneiderman has launched a probe to investigate a 1986 deal in which late Port Authority of New York and New Jersey executive Guy Tozzoli and his group, the World Trade Center Association, purchased the World Trade Center’s naming rights for just $10, the New York Post reported. While Tozzoli earned tens of millions by selling the rights to the name to hundreds of companies, the Port Authority allegedly never saw a dime. Tozzoli, who oversaw the design and construction of the Twin Towers, died in February and has since been succeeded by Eric Dahl.

Two Trees wants to put Domino’s affordable housing across the street

Two Trees Management wants to put nearly a third of the affordable housing at the Domino Sugar factory development across the street from the rest of the waterfront project, the Brooklyn Paper reported. Two Trees last month argued before the Department of Housing Preservation and Development that all the development parcels of the 2,284-apartment Williamsburg project should be treated as one large parcel, a move that would allow Two Trees to put many of the project’s affordable units into the first tower, on Kent Avenue between South Third and South Fourth streets, rather than spreading them evenly throughout the five planned towers. Some community members expressed concern that the plan amounts to a “separate-but-equal” approach, but Dave Lombino, head of special projects for Two Trees, said that isn’t the case. “Let’s be clear: Two Trees is 100 percent committed to ending the ‘poor door’ trend in Williamsburg,” he said.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Peloton's Barry McCarthy, Hudson Commons (Peleton, Hudson Commons, iStock)
Peloton resorts to sublease at Hudson Commons
Peloton resorts to sublease at Hudson Commons
Gov. Kathy Hochul (Photo by Sasha Maslov)
At REBNY gala, Hochul pledges to “support” real estate
At REBNY gala, Hochul pledges to “support” real estate
Times Square Old Navy at 1516 Broadway (LoopNet, iStock)
Times Square Old Navy to reopen after losing rent fight
Times Square Old Navy to reopen after losing rent fight
From left: Alice Technologies founder and CEO René Morkos; Join CEO Andrew Zukoski (LinkedIn/René Morkos, LinkedIn/ Andrew Zukoski, iStock)
Construction tech startups Alice, Join score new commitments
Construction tech startups Alice, Join score new commitments
Brokerages take different approaches to social media ads
To automate or customize? Brokerages split on social media ad formulas
To automate or customize? Brokerages split on social media ad formulas
arrow_forward_ios

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

Loading...