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A Void Proposal: The Proposed Mechanical Voids Zoning Amendment Rests Upon a Hollow Foundation

On January 28, the Department of City Planning released the Environmental Assessment Statement (EAS) for the proposed Residential Tower Mechanical Voids Amendment, which seeks to limit non-residential floor heights in future apartment towers within high-density districts. The 48-page document, which outlines the proposal and its impact, reveals a troubling foundation of groundless speculation, elusive language, and self-contradictory statements. The proposed amendment ultimately promises to stifle flexible planning, and fails to present a convincing argument in its support.

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$238 Million Sale of 220 Central Park South’s Penthouse Shatters National Record

A record-shattering $238 million purchase of a Manhattan penthouse at 220 Central Park South came at the hands of billionaire and Citadel hedge fund founder Ken Griffin. The sale of the 24,000 square foot apartment makes it the highest-priced home ever sold in the United States. The four-story residence is part of a 66-floor near-supertall development by Vornado Realty Trust, and has 16 bedrooms, 17 bathrooms, five balconies, and a terrace facing Central Park.

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151 East 60th Street

Planned Supertall at 151 East 60th Street Appears To Be Latest Casualty of Chinese Development Bust, on the Upper East Side

Directly across the street from Bloomingdale’s, 143-155 East 60th Street, or 151 East 60th Street, was supposed to give rise to a residential supertall on the southern edge of the Upper East Side. The assemblage has seen impressive design proposals released by both Archillier Architecture and Kohn Pedersen Fox. Demolition of six low-rise buildings began in the summer of 2017, after permits were filed. However, since then, activity has come to a grinding halt, and it appears that the site is the latest casualty of New York City’s Chinese-led development bust.

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77 Greenwich Rapidly Ascends Towards 500′ Pinnacle in the Financial District

Work on 77 Greenwich Street is progressing rapidly. The imminently 500-foot tall and 42-story building is quickly rising above its podium, and has already reached its tenth floor. The FXCollaborative-designed tower will house 90 residential units beginning 150 feet above the streets down below. Interiors are being designed by Deborah Berke Partners. Trinity Place Holdings is the developer of the site, which sits on the western side of the Financial District.

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SHoP Architects’ “Stairway to Heaven” Nears Pinnacle at 111 West 57th Street, Atop Billionaire’s Row

111 West 57th Street is nearing the upper section of its topmost residential and mechanical floors. With a height to width ratio of 24:1, the SHoP Architects-designed tower will soon become the most slender building in the world. It is the 2nd-tallest skyscraper under construction in New York City, and will soon climb to an 1,438-foot-high pinnacle between Sixth and Seventh Avenues. The supertall is being developed by JDS Development and Property Markets Group, and Douglas Elliman is in charge of sales and marketing for the 46 condominiums within.

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