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Originally Posted by Submariner
What do you think the maximum square footage would translate to in terms of height?
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Don't know.
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The agency is asking that new bids for the building be based on a floor area ratio (FAR) of between 24 and 30, or as much as 753,150 square feet. Right now zoning laws would allow 376,575 square feet.
Additionally, landmark properties are expected to be able to transfer more air rights to the new structure
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For comparison, 425 Park is about 670,000 ft, but they're building without any additional air rights.
And the MTA site is only half of the block. Any developer would likely try to consolidate the block, as was done with 1 Vanderbilt.