Posted Sep 24, 2018, 7:03 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,209
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https://www.crainsnewyork.com/real-e...own-east-tower
JPMorgan files for air-rights transfer to boost new Midtown East tower
Development rights said to be worth $240 million will help planned headquarters reach 2.5 million square feet
JOE ANUTA
September 24, 2018
Quote:
JPMorgan Chase filed plans this month to apply development rights from the landmarked Grand Central Terminal to the company's new tower planned for Park Avenue. The transfer of around 668,000 square feet of air rights indicates progress on the project, which was announced earlier this year.
The bank filed the transfer application with the Department of City Planning Sept. 6. The agency will mull over the request before likely approving the measure and paving the way for the transaction.
...JPMorgan may purchase an additional 100,000 of development rights from two religious institutions, including St. Bartholomew's Church.
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Also to be discussed by the community board...
https://www.cb5.org/cb5m/calendar/20...housing-zoning
Quote:
LAND USE, HOUSING & ZONING
Wednesday, October 3rd, 2018, at 6:00pm
SGI-USA NY Culture Center
7 East 15th Street
Layla Law-Gisiko, Acting Chair
Agenda
Application by JPMorgan Chase requesting a certification to allow a transfer of air rights from Grand Central Terminal to 270 Park Avenue for development of an 1.8M+ sq foot office tower, which would result in a $42M contribution to the East Midtown Public Realm Improvement Fund
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Last edited by NYguy; Sep 24, 2018 at 7:36 PM.
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