Quote:
Originally Posted by Jibba
I keep seeing this process wherein property owners are seeking additional FAR via the Opportunity bonus but still proceeding with a full-on PD anyway. Is this a requirement? Or could one simply by the bonus FAR and call it a day?
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This is a more complicated project. If you remember it previously, it was a very sexy looking 10 story as an as of right project. LG got a hold of it and acquired the unused development rights of a historic building next door which would have allowed then to go to 12 stories.
They could have gone two ways. One was to put a connection between the buildings so that it was technically one principal building on one zoning lot. (just that one side was taller) Or they could go as a PD in which each building was a separate subarea, FAR could be transferred between the two and no interconnection was required.
They have chosen the latter and decided to buy some FAR as well.