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Old Posted Sep 4, 2020, 5:27 PM
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Quote:
Originally Posted by BXFrank View Post

Too bad they couldn't come up with a unified plan.



Quote:
.....the city will remove its own sliver of the land from the group project and proceed with separate plans there. TF Cornerstone has long been the developer of that site.

“TFCornerstone is and will continue to be our partner on the public sites," Schwartz said. "We look forward to working with them in the coming months to identify the path forward.”

The other developers — MaryAnne Gilmartin and Bruce Teitelbaum — were planning a mixed-use project on the rest of the location. They partnered with the Plaxall family, which has long owned much of the land. The city had demanded the development team spend $280 million on nearby infrastructure improvements outside of the area that would be rezoned.


https://therealdeal.com/2020/09/03/c...r-amazon-site/

Quote:
Mayor Bill de Blasio’s administration scuttled the talks with a group including MaryAnne Gilmartin’s company and Bruce Teitelbaum over disagreements regarding infrastructure work at the site, Politico reported.

“We remain committed to Long Island City’s future as a thriving mixed use community. That means supporting proposals that properly account for the development’s critical infrastructure needs and impacts, like open space, transportation and water and sewer,” de Blasio spokesman Mitch Schwartz told the publication. “After extensive discussions with YourLIC developers, we are disappointed that the proposed project does not deliver on those requirements.” PBS first tweeted out the city’s statement.

Now, with the talks broken down, the city and TF Cornerstone will move forward separately to rezone their property.
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