Air Rights

The Latest

What rich people in NYC will pay to keep their view: TRD analysis

by Kevin Sun | July 24, 2019 07:00AM

Non-developers rarely find themselves on the buy side of an air rights deal – and when they do, it...

These are the developers looking to buy air rights from NYCHA

May 02, 2019 09:30AM

Developers are now spending thousands of dollars on lobbying to buy air rights from the beleaguered New York City...

Rockrose paves the way for Hudson Yards rental tower with $20M air rights deal

February 01, 2019 11:00AM

Rockrose Development has secured the final air rights necessary to build the first tower in its 1.6 million-square-foot Hudson...

City to revoke permits for Extell’s Kazakh-backed tower at 50 West 66th Street

by Will Parker | January 17, 2019 12:15PM

The city’s Department of Buildings plans to strip Extell Development of permits to build a 775-foot skyscraper at 50...

Air-rights brokerage claims Brookfield failed to pay commission on Hudson Yards deal

by Kathryn Brenzel | July 12, 2018 01:45PM

A brokerage that specializes in air rights deals claims Brookfield Properties cheated it out of a $375,000 commission for...

Here’s how much office developers paid to acquire air rights last year

March 21, 2018 10:00AM

Move over, condos: developers are gobbling up the city’s air rights for office projects. A new report from Tenantwise has...

JPMorgan Chase isn’t done buying air rights for its ground-up HQ

March 05, 2018 12:20PM

JPMorgan Chase is in talks to buy another 100,000 square feet of air rights from St. Bartholomew’s Church as...

National Cheat Sheet: Toll Brothers reports nearly 30% growth, coworking now claims 27M square feet of office space nationwide … & more

by James Klatell | March 01, 2018 05:50PM

Toll Brothers reports first quarter growth nationwide and big gains in California Luxury homebuilders Toll Brothers reported $132.1 million net income in the first...

Get your air rights here: City to charge $625 per sf in West Chelsea

by Kathryn Brenzel | February 28, 2018 03:30PM

The City Planning Commission on Wednesday unanimously approved selling development rights to property owners in West Chelsea for $625...

UES could be getting a new tower, with ties to celebrity chef

February 28, 2018 10:15AM

The Upper East Side could be getting a new tower. Garage Management Co., a parking lot operator, is buying...