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Old Posted Jan 30, 2015, 7:05 PM
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chris08876 chris08876 is offline
ψ Sailor of the Mind ψ
Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 37,152
Lots Cleared For 1558 Third Avenue, Permits Not

Across from soon to be open Whole Foods (East 88th and Third Avenue), Three walk-up buildings have been demolished and the "L" Shaped lot is ready for foundation work. Proposed is a 469 foot tall, 31 story building consisting of 151,000sf divided into 44 apartments and common facilities. At an average of 3500sf each these Manhattan McMansions would be perfect customers for the new high end market on the other side of the street. That is, provided that actual human beings move into the apartments, rather than simply being dark apartments that make for convenient homes to overseas money.

There is one sticking point. According to the NYC DOB, the permits, originally filed in August 2014 have yet to be approved. The Development Challenge Process is pending zoning approval and the most recent plan exam was disapproved on January 14th of this year. Perhaps the delay is based on height. The property was marketed for sale with a limit of 365 feet, while the permits call for 469 feet. It is not know whether additional rights were purchased from the corner lot that this development surrounds. With a plan of 15' ceilings, perhaps an easy solution would be to scale them down to a still grand 10' to 11' and it comes within the original height as-of-right.