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Originally Posted by laniroj
Might be wrong but I thought the sunlight ordinance or whatever governs shadows on 16th Street primarily affects the south side of 16th, not really the north side. pretty sure they can max out their FAR on height. Seems like a tough spot for residential though. Given it's a Makovsky property, I suspect it will be vacant for quite awhile while they search for a ground lease developer, which is tougher than outright sale but seems to be their marching orders recently.
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Harbinger Devlopment, of 650 17th Street fame, claimed at one point to have control of the 16th Street site and Makovsky did mention that there was an option agreement in place back in October. Hopefully this rumor has some traction and we see a proposal pop up next year.