Posted Apr 28, 2010, 1:12 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,918
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Little info from the NY Post...
http://www.nypost.com/p/news/busines...fTYk5AZ3559c8J
By STEVE CUOZZO
April 27, 2010
Quote:
As the New York Observer reported, Community Board 5 delivered a split decision on Vornado's 15 Penn Plaza tower plan: 36-1 against.
But at the April 15 public hearing, Vornado wheeled in some surprising support for its proposal, which would involve building $100 million-plus in transit improvements at Herald Square and Penn Station in exchange for zoning bonuses that would allow a tower of over 2 million square feet -- nearly twice what it can build as-of-right.
In addition to predictable yea's from the Real Estate Board of New York and construction unions, there was backing from the Regional Plan Association, which has opposed many large-scale commercial projects, Columbia University's Real Estate Development Program and the NYC Transit Riders' Council.
There was also a pro-Vornado brief from Durst Fetner, a partnership that owns the Epic apartment building nearby.
Partner Douglas Durst is said to have promised his backing in exchange for Vornado chopping 13 feet off its project's height of 1,216 feet so it would be one foot shorter than Durst's One Bryant Park, the new Bank of America tower that has a gala "grand opening" on May 20 -- "but no one's sure if Douglas was being tongue-in-cheek," an insider chuckled.
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Maybe they will unveil a lighting for the spire?
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