Quote:
Originally Posted by PKDickman
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.
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I thought the Neighborhood Opportunity Bonus ordinance required a PD for any purchased (paid for by either cash into the fund or negotiated local improvements) FAR but my memory could be hazy.
Interesting that more of these are coming from the 42nd ward since you know who voted against it.