Posted Jul 20, 2012, 8:22 AM
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Registered User
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Join Date: Sep 2003
Location: Beijing
Posts: 7,712
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Aren't most blocks in midtown owned in pieces by several developers? It's not so likely that a complete lot would be owned by one developer so with that in mind, I just think it would be more reasonable to put in a slightly higher FAR.
Even if a developer acquires rights to a whole block like in this case, the block's dimensions are still only 40,000 sq feet, limiting lots like this to 1.2 Million Sq Feet.
I don't know the specific dimensions or land use details but it seems that a building like 1 Liberty Plaza would have a higher FAR than 30. I just know that building has around 2,000,000 sq feet.
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