NEW YORK | 45 East 45th St (Roosevelt Hotel) | FT | FLOORS

[TKD]

Originally Posted by The New York Lion

1 Vanderbilt bought 500,000 SQ feet of air rights from Grand Central to make it as big as it is at 1.8 million square feet.

The plot for The Roosevelt is 43,000 square feet, and it has a FAR of 30.

43,000 X 30 = 1.3 million square feet.

To compare to a hotel/residential: Central Park Tower has around 1.3 million square feet, but it's only on a 20,000 sq foot lot.

Furthermore, SL Green's recent map depicting future developments has this as around a 900 foot Tower.

Originally Posted by The New York Lion

None of that refutes what I've said.

As per the NY Times:



https://www.nytimes.com/2018/03/02/nyregion/jp-morgan-chase-midtown-east-air-rights.html

One Vandy had the rezoning + the extra rights.

I am not sure why you have to be so rude to everybody. You don't understand eminent domain, either, as it pertains to the Penn Station project.

Just chill out.

To add onto NYguys post from before for more clarity, One Vanderbilt, base FAR of 15 and max FAR of 30 like all 5 blocks in the Vanderbilt corridor, got it's extra 15 FAR from transferring air rights from the landmarked Bowery Savings Bank across the street and from transit and public space improvements to Grand Central (not particularly air rights purchased from Grand Central itself) which spurred it to go through ULURP approvals to get to the 30 FAR. It didn't have the "extra" 500,000 sqft added to the 1.3 million sf, that is already factored into the 1.3 million sf and that's more so what NYguy is trying to explain, which does refute what you were saying.

The zoning lot that Central Park Tower is on is not 20,000sf, its about 40,000sf and has 1.2 million zsf.