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NEW YORK | 625 Fulton St | 500 FT | 35 FLOORS
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Posted
Dec 17, 2018, 6:15 PM
NYguy
New Yorker for life
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,919
Quote:
Originally Posted by
peteybrooklyn1959
NYguy.....My question in 2 parts about this development is this.
Does 625 Fulton Street fall within the Zoning Guidelines that
considers it technically "DOWNTOWN BROOKLYN" that will allow the
building to rise to it's potential of 941 feet and is the property "As-
Of-Right" ?
It falls within the rezoning of 2004, but still needs a further rezoning to increase the FAR on the site. Also, the inclusion of the school would include a bonus FAR of 1.
Quote:
Local City Council member Laurie Cumbo told Politico she planned to push for a project of this scale to include a significant affordable component.
“You can’t allow a project of that magnitude and scale to be discussed without affordability being at the forefront of the table,” she said.
“I’m looking for both residential and commercial [affordability].”
According to the draft, the developers do plan to include up to 25% affordable units, although they are required to do so. Perhaps the local council member will push for a lock on a set number
of units, or try to increase it a little more. That seems to be her initial concern. We know where the city stands on the proposal, based on the draft.
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