Quote:
Originally Posted by ChiND
Thanks. Presumably, the 20% residential cap does not include hotel too. I know it has been discussed, but this building can be a maximum of about 1.6m sf right?
If so, that would be about 320,000 sf of residential. If they did a high-end hotel of about 300k sf, that would leave about 900k to 1m sf of office space. It seems that they’ll need a large pre-lease to fund this unless the Qataris finance it themselves.
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You do realize that you've asked the previously asked question about office size toward NYGuy several times before right? That answer has not changed, largely because no specific percentages of mixed use programing have been released due to the RFP not being issued yet.
And that you've also asked about the sf of this development multiple times as well. That answer has also not changed since 2015 when the Vanderbilt Corridor was rezoned.
Every single lot within the Vanderbilt corridor has a FAR of 30, every single full block development has a maximum zoning square footage of 1.3 million sqft, the same as One Vanderbilt, because all 5 blocks in the Vanderbilt corridor all have the same dimensions.
Block 1 - One Vanderbilt has a FAR of 30, 1.3 million max
Block 2 - 335 Madison has a FAR of 30, 1.3 million max
343 Madison has a FAR of 30
Block 3 - 52 Vanderbilt Ave has a FAR of 30
Yale Club is landmarked, cant be torn down
Block 4 -
This has a FAR of 30, 1.3 million max
Block 5 - 383 Madison is not being redeveloped any time soon, but would also have 1.3 million max
To answer your other question, hotels are zoned as commercial not residential.