Posted Apr 9, 2015, 10:59 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,919
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http://www.qgazette.com/news/2015-04...Go_HiTech.html
Clock Tower Safe, Building To Go Hi-Tech
BY LIZ GOFF
04/08/2015
Quote:
A skyscraper planned for development near the Queens Plaza transportation hub in Long Island City will soon overshadow its 86-year old neighbor, the Manhattan Bank Building.
But truth be told, the skyscraper will owe its height, if not its existence, to the 14-story bank building. Developers of the skyscraper are depending, in part, on land and air rights
from the Manhattan Bank Building, and its iconic clock tower, to send the skyscraper soaring 77-stories, 915-feet over the surrounding community.
Under the current zoning, the owners would only be able to build a 38-story tower at the site, but by purchasing and transferring air rights at a nearby site owned by the MTA,
the owners are able to proceed, as-of-right, with construction of the 77-story, 915-foot tower.
Developers Property Markets Group and the Hakim Organization issued a recent statement saying, “The clock tower once marked Queens as a borough on the rise, and with
our new project, we want to give the building the prominence it deserves.”
Real estate sources said the developers had no plan to demolish the Manhattan Bank Building. The developers plan to transform the building into a local tech center and are
planning to pay for the public park to be located on the newly acquired MTA parcels, real estate sources said.
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edwardhblake
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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