
This afternoon, the Landmarks Preservation Commission (LPC) will hear an application to transfer air rights from the landmarked Hamilton-Holly House at 4 St. Mark's Place to enable an increase in the size of a planned office building on the northeast corner of Third Avenue and St. Mark's Place.
This is the next step in the approval process for Real Estate Equities Corporation (REEC), the leaseholder of 3 St. Mark's Place.
Patch summarized the steps ahead for REEC in an article from February:
REEC is asking asking the Landmarks Preservation Commission to issue a report to the City Planning Commission to allow for 10-story building. If the LPC gives the greenlight, REEC would then apply for a special permit for around 8,300 square feet of air rights and modify part of the zoning resolution through a special permit.
Once in City Planning's hands, the special permit would snake through the Uniform Land Use Review Procedure (ULURP), which is ultimately sent to City Council where the local councilmember, Carlina Rivera, would have a binding vote. Rivera has not yet weighed in, but her spokesman said the councilmember is listening to community feedback.
On Feb. 13, REEC reps appeared before CB3's Landmarks Committee, who voted 2-1 against the special permit. (You can read the recaps at Curbed ... Gothamist ... and Patch.)
On Feb. 26, the full CB3 board voted to oppose the proposed transfer of development rights — 8,386 square feet in total, per the meeting minutes.
REEC has already filed permits (last October) for an as-of-right five-story, 29,030-square-foot building on the corner. If the air rights deal is ultimately OK'd, then the Morris Adjimi-designed building at 3 St. Mark's Place would rise to 10 stories.
REEC picked up the 99-year leasehold for the properties — the prepped-for-demolition 1 St. Mark's Place, 3 St. Mark’s Place, 23 and 25-27 Third Ave. — for nearly $150 million in November 2017.
The LPC public hearing is expected to start today at 1:45 p.m. in the Municipal Building, 1 Centre St., 9th Floor North, public hearing room. Village Preservation is rallying opposition to the transfer. Read more from them at this link.
Updated 7:45 p.m.
Patch had a reporter at the hearing:
Landmarks sent REEC and the architect back to the drawing board recommending they lower the structure's first setback to better match St. Mark's street wall — though some commissioners were generally supportive of air rights transfer.
Previously on EV Grieve:
Developers of 3 St. Mark's Place are looking to increase the size of their proposed office building at 3rd Avenue to 10 floors with air-rights deal
The lobbyists behind the air-rights transfer and zoning variance for 3 St. Mark's Place
Concern over potential air-rights transfer for new office building on St. Mark's Place and 3rd Avenue