Posted Sep 13, 2010, 7:51 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,815
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http://online.wsj.com/article/SB1000...rk_real_estate
Hearing Set for Riverside Center
September 13, 2010
Quote:
The City Planning Commission is set to hold a public hearing Wednesday on developer Gary Barnett's proposed Riverside Center on the Upper West Side.
The current $4.2 billion plan has been met with disapproval at the local community board and at the Manhattan Borough President's office. But Mr. Barnett, who already has reduced the project's scope, is likely to do so further to win city approval.
The project includes 2,500 apartments, 3 acres of public space and a new school. Partly because of tight financing and the weak economy, Mr. Barnett hasn't announced plans yet for breaking ground.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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