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Carlyle pays $100M for two-tower 421a site in GowanusCarlyle pays $100M for two-tower 421a site in GowanusSan Jose retail site owner tries medical office conversionSan Jose retail site owner tries medical office conversionArchitects weigh in on South Florida’s best, worst buildingsArchitects weigh in on South Florida’s best, worst buildingsLVMH to scrap Rodeo Drive hotel after Beverly Hills ballot rejectionLVMH to scrap Rodeo Drive hotel after Beverly Hills ballot rejection
New York

Theater owners try to cash in on air rights

Theater owners in the Theater District have been taking advantage of an 8-year-old zoning arrangement with the city that lets them sell their unused air rights to add to their buildings’ heights. Developers can buy these rights, transfer them to other sites in the Theater District, and then build taller developments than would otherwise be allowed. more [NYT]

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TRENDING

Carlyle pays $100M for two-tower 421a site in GowanusCarlyle pays $100M for two-tower 421a site in GowanusSan Jose retail site owner tries medical office conversionSan Jose retail site owner tries medical office conversionArchitects weigh in on South Florida’s best, worst buildingsArchitects weigh in on South Florida’s best, worst buildingsLVMH to scrap Rodeo Drive hotel after Beverly Hills ballot rejectionLVMH to scrap Rodeo Drive hotel after Beverly Hills ballot rejection
New York

Theater owners try to cash in on air rights

Theater owners in the Theater District have been taking advantage of an 8-year-old zoning arrangement with the city that lets them sell their unused air rights to add to their buildings’ heights. Developers can buy these rights, transfer them to other sites in the Theater District, and then build taller developments than would otherwise be allowed. more [NYT]

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.