Inside the BATTLE over 200 Amsterdam
On New York’s Upper West Side, a new skyscraper is nearing completion after almost getting 20 stories chopped off. A lawsuit initially led to a ruling that the 52 story luxury condo must remove the top floors–but the ruling was overturned before the floors were taken down.
Local groups argued that the tower is not only out of place in the area, but built on an illegally zoned lot. The development team disagreed, saying the practices used to create the lot were normal for NYC developers. The city has closed the loophole that allowed this, but says it won’t enforce that judgement retroactively. The Real Deal talked with stakeholders on both sides to find out what this means for New York City and for the real estate industry.
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