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Originally Posted by Crawford
Maybe they're transferring the air rights to that new site they just bought? In any case, they aren't going to just give up all that developable capacity.
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From the way the city has it set up, I don't even know if that's possible. But then again, this is Related, and they've been pretty much able to get whatever they wanted from the city.
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And I thought they're planning on residential/mixed-use, not office, for this site, so I would imagine the new proposal is for something skinnier, though probably not shorter. We'll see.
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Related has residential/mixed use for the site just south (Equinox), and practically all of the western half of the railyard development will be residential. I just think that it undermines the entire purpose of the Hudson Yards rezoning and the subway extension if it's just a sea of residential development. Those higher FAR's were put in place for office development.
The city has similar plans for Downtown Brooklyn and LIC in Queens. But far and away, it has been all residential development in those places.
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