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Old Posted Sep 7, 2013, 5:20 AM
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Developers press plans before mayor dparts

By MATT CHABAN
Sep 06, 2013

Quote:
.....Some developers are going so far as to throw together provisional plans for upcoming projects and then try to get preliminary approvals for these pruoject outlines.

Among those developers are the city's largest office landlord, SL Green Realty Corp., and its partner, Hines. They are hoping to build a tower known as 1 Vanderbilt on Grand Central Terminal's western flank that would rival the Empire State Building in size.

It would be one of the first projects to take advantage of the proposed midtown east
rezoning.

To achieve such densities, the project would have to be approved through a special permit by the commission and deemed a "superior development." Even though the tower will not be certified until later, by doing some of the pre-certification work under the Bloomberg administration, such as environmental reviews, the hope is that future administrations will have less room to alter it.
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