Wednesday, March 4, 2020

City Planning Commission holding public hearing today on air-rights transfer for 3 St. Mark's Place

[EVG file photo]


Updated 5 p.m.
Local City Councilmember Carlina Rivera came out against the transfer today.


The City Planning Commission is holding a public hearing today on the application to transfer air rights to allow the pending office building at the northeast corner of Third Avenue and St. Mark's Place to grow 20 percent larger than the current zoning allows.

As you likely know, a 10-floor office building is in the works for 3 St. Mark's Place. The total size of this new building has yet to be officially determined. Real Estate Equities Corporation (REEC) wants to transfer the air rights from the landmarked Hamilton-Holly House at 4 St. Mark's Place to add more square footage.

This marks the second stage for the application. In round one, the Landmarks Preservation Commission voted to support the plan this past June, and issued a report to the City Planning Commission to allow the proposal under a specific zoning resolution. The opposition to the application included Manhattan Borough President Gale Brewer, State Sen. Brad Hoylman and Assemblymember Deborah Glick, as well as Community Board 3 and other community groups, including Village Preservation. (Read about their efforts here.)

Stage two's route as part of the city’s Uniform Land Use Review Procedure will ultimately end up before City Council, who will have the final vote at a future date.

REEC picked up the 99-year leasehold for the properties here for nearly $150 million in November 2017. Their development plans call for a 68,224-square-foot building with eight floors of office space, a fitness center, roof deck and retail.

[A rendering of 3 St. Mark's Place]

REEC is reportedly eyeing rents in the area of a Midtown-esque $150 per square foot.

Today's hearing is in the basement concourse of 120 Broadway between Cedar and Pine. The festivities start at 10, though this is the last item on the agenda. No word yet on an exact time.

Previously on EV Grieve:
Demolition permits filed for northeast corner of 3rd Avenue and St. Mark's Place

End is nearing for the businesses on the northeast corner of 3rd Avenue and St. Mark's Place

New building plans revealed for 3rd Avenue and St. Mark's Place

Concern over potential air-rights transfer for new office building on St. Mark's Place and 3rd Avenue

1 comment:

Anonymous said...

Amazing, Deborah Glick doing something other than tell us to make sure we have booties on our dogs when we walk them in winter. She's usually right in line with the totalitarian surveillance agenda.