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Western Rail Yard
Chapter 10: Neighborhood Character A. INTRODUCTION Neighborhood character is an amalgam of several elements that give an area its distinctive personality and help distinguish it from other neighborhoods. These components include: land use; street layout; scale, type, and style of development; historic features; patterns and volumes of traffic; noise levels; and any other physical or social characteristics. However, not all of these elements affect neighborhood character in all cases; a neighborhood usually draws its character from a few determining elements. Using information presented in other technical chapters of this EIS, this chapter examines neighborhood character at the three project sites and the associated surrounding study areas, and analyzes the effects of the Proposed Actions on neighborhood character in these areas. PRINCIPAL CONCLUSIONS The Proposed Actions would have a beneficial effect on neighborhood character on the project sites and in the surrounding study areas. Development of Western Rail Yard would fulfill a long- standing public policy to promote productive use of the site with a lively mix of uses, open spaces, and streets that would complement and support the development in the Hudson Yards area and West Chelsea. Construction of permanently affordable housing on the Tenth Avenue and Ninth Avenue Sites would support the Clinton neighborhood by emphasizing its residential character and the mixed-income character of its residents. DEVELOPMENT SITE The Proposed Actions would change the character of the Development Site, and this change would be, on balance, decidedly beneficial. The site, which presents a blank wall to the surrounding neighborhood on two sides and transportation/maintenance uses where it can be seen, would be transformed with a mix of residential and commercial uses and open spaces, clearly visible and accessible to the public. -
Financing Affordable Rental Housing: Defining Success Five Case Studies
Financing Affordable Rental Housing: Defining Success Five Case Studies Bessy M. Kong and Derek Hsiang Financing Affordable Rental Housing: Defining Success Five Case Studies Bessy: Defining M. Kong and Derek Hsiang Success Five Case Studies ACKNOWLEDGEMENTS This report was produced with the support and collaboration of the Korea Housing and Urban Guarantee Corporation (HUG) as a part of a joint research initiative with the Urban Sustainability Lab- oratory of the Wilson Center to examine public finance programs to increase the supply of affordable rental housing in the United States and Korea. The authors would like to thank HUG leadership and research partners, including Sung Woo Kim, author of the Korean report, and Dongsik Cho, for his support of the HUG-Wilson Center part- nership. We would also like to thank Michael Liu, Director of the Miami-Dade County Department of Public Housing and Commu- nity Development, for sharing his knowledge and expertise to in- form this research and for presenting the work in a research sem- inar and exchange in Seoul in November 2016. We are grateful to Alven Lam, Director of International Markets, Office of Capital Market at GinnieMae, for providing critical guidance for this joint research initiative and for his contribution to the Seoul seminar. Thanks to those who provided information for the case studies: Jorge Cibran and José A. Rodriguez (Collins Park); Andrew Gross and Michael Miller (Skyline Village); and, Robert Bernardin and Marianne McDermott (Pond View Village). A special acknowl- edgement to Allison Garland who read all the drafts; to Marina Kurokawa who helped with the initial research; and to Wallah Elshekh and Carly Giddings who assisted in proof reading and the formatting of the bibliography, footnotes and appendices. -
Western Rail Yard
Chapter 10: Neighborhood Character A. INTRODUCTION Neighborhood character is an amalgam of several elements that give an area its distinctive personality and help distinguish it from other neighborhoods. These components include: land use; street layout; scale, type, and style of development; historic features; patterns and volumes of traffic; noise levels; and any other physical or social characteristics. However, not all of these elements affect neighborhood character in all cases; a neighborhood usually draws its character from a few determining elements. Using information presented in other technical chapters of this EIS, this chapter examines neighborhood character at the three project sites and the associated surrounding study areas, and analyzes the effects of the Proposed Actions on neighborhood character in these areas. PRINCIPAL CONCLUSIONS The Proposed Actions would have a beneficial effect on neighborhood character on the project sites and in the surrounding study areas. Development of Western Rail Yard would fulfill a long- standing public policy to promote productive use of the site with a lively mix of uses, open spaces, and streets that would complement and support the development in the Hudson Yards area and West Chelsea. Construction of permanently affordable housing on the Tenth Avenue and Ninth Avenue Sites would support the Clinton neighborhood by emphasizing its residential character and the mixed-income character of its residents. DEVELOPMENT SITE The Proposed Actions would change the character of the Development Site, and this change would be, on balance, decidedly beneficial. The site, which presents a blank wall to the surrounding neighborhood on two sides and transportation/maintenance uses where it can be seen, would be transformed with a mix of residential and commercial uses and open spaces, clearly visible and accessible to the public. -
404 West 40Th Street 8 Free Market Apartments for Sale Asking Price: $3,500,000 Table of Contents
404 WEST 40TH STREET 8 FREE MARKET APARTMENTS FOR SALE ASKING PRICE: $3,500,000 TABLE OF CONTENTS PROPERTY INFO 5 PHOTOS 6 ZONING 8 FLOOR PLANS 10 MAPS 12 NEIGHBORHOOD 14 DOCUMENTS 16 EXPERIENCE 18 FOR MORE INFORMATION, PLEASE CONTACT EXCLUSIVE AGENT Christoffer Brodhead Partner/ Managing Director 646 933 2616 [email protected] 404 WEST 40TH STREET 3 CONFIDENTIALITY AGREEMENT ASKING PRICE: $3,500,000 The information contained in this offering memorandum (“Offering Memorandum”) is proprietary and strictly confidential. This Offering Memorandum was prepared by and is the property of B6 Real Estate PROPERTY INFORMATION Advisors LLC (“B6”) and has been reviewed by the owner (the “Owner”) of the Property. It is furnished solely for the purpose of review by a prospective Block / Lot 737/41 purchaser of the Property and is not to be used for any other purposes Lot Size 18’ x 98.75’ (Approx.) or made available to any person without the express written consent Lot Area 1,810 (Approx.) of the Owner or B6. By accepting this Offering Memorandum, the party Building Dimensions 18’ x 68’ (Approx.) in possession hereof agrees to return it to B6 immediately upon request of B6 or Owner. No portion of this Offering Memorandum may be copied Stories 4 or otherwise reproduced or disclosed to anyone without the prior written Gross SF 4,680 (Approx.) authorization of B6 and Owner. Each prospective purchaser and/or broker Units 8 proceeds at his, her or its own risk. Zoning (FAR) C1-7A/HY (6.02) Air Rights 6,217 (Approx.) You have the obligation to keep this Offering Memorandum, and any RE Assessment (18/19) $273,530 various papers, documents, legal instruments, studies, leases, brochures, computer output, and other materials concerning the Property (all of RE Taxes, (18/19) $34,790 the aforementioned information is collectively referred to as “Evaluation Material”) confidential. -
An Evaluation of the Costs and Benefits of New York City's Hudson Yards Redevelopment Project
An Evaluation of the Costs and Benefits of New York City’s Hudson Yards Redevelopment Project Michael Meola Eric Kober Kei Hayashi March 13, 2019 An Evaluation of the Costs and Benefits of New York City’s Hudson Yards Redevelopment Project Michael Meola Eric Kober Kei Hayashi March 13, 2019 Executive Summary: • The City’s goal to transform the Hudson Yards District from a largely vacant, underdeveloped transportation and distribution zone into a vibrant mixed-use, medium to high density district of workers, residents and visitors is being achieved ahead of projections, with over 30 million square feet of new development completed or in construction since the rezoning in 2005 • The $3.5 billion infrastructure investment that the City made, or has committed to fund, through Hudson Yards Infrastructure Corporation (HYIC) bonds to facilitate this transformation is paying off as the essential first step to attract vast private investment in the District that otherwise would not have occurred • Tax abatements in Hudson Yards are consistent with long-standing City practice to stimulate development where it is not occurring, and have contributed to the viability of commercial development in a previously fringe location • City payments to cover interest on HYIC’s bonds from 2007 to 2018 totaled $358 million; it is now estimated that future revenues from the District will not only pay off the bonds but will generate more than $21 billion in net revenues to the City • The opening on March 15th of the Related/Oxford Hudson Yards Project, the largest in the City’s history, built over the MTA Rail Yard on a billion-dollar privately funded platform, is the symbol of this remarkably successful public/private development that evidences the enormous strength of the City’s economy • The MTA has received over $1.2 billion for its property over the MTA Rail Yard and retains valuable development rights that it will be able to sell in the future • Additional benefits to the City include extension of the No. -
Chapter 10: Neighborhood Character
Chapter 10: Neighborhood Character A. INTRODUCTION Neighborhood character is an amalgam of several elements that give an area its distinctive personality and help distinguish it from other neighborhoods. These components include: land use; street layout; scale, type, and style of development; historic features; patterns and volumes of traffic; noise levels; and any other physical or social characteristics. However, not all of these elements affect neighborhood character in all cases; a neighborhood usually draws its character from a few determining elements. Using information presented in other technical chapters of this EIS, this chapter examines neighborhood character at the three project sites and the associated surrounding study areas, and analyzes the effects of the Proposed Actions on neighborhood character in these areas. PRINCIPAL CONCLUSIONS The Proposed Actions would have a beneficial effect on neighborhood character on the project sites and in the surrounding study areas. Development of Western Rail Yard would fulfill a long- standing public policy to promote productive use of the site with a lively mix of uses, open spaces, and streets that would complement and support the development in the Hudson Yards area and West Chelsea. Construction of permanently affordable housing on the Tenth Avenue and Ninth Avenue Sites would support the Clinton neighborhood by emphasizing its residential character and the mixed-income character of its residents. DEVELOPMENT SITE The Proposed Actions would change the character of the Development Site, and this change would be, on balance, decidedly beneficial. The site, which presents a blank wall to the surrounding neighborhood on two sides and transportation/maintenance uses where it can be seen, would be transformed with a mix of residential and commercial uses and open spaces, clearly visible and accessible to the public. -
615 Tenth Avenue, New York, NY
HELL’S KITCHEN RARE OPPORTUNITY CENTRAL LOCATION 615 TENTH AVE NEW YORK CITY CONCEPTUAL RENDERING PROJECT POSITIONING Located just blocks from the new Hudson Yards and the vibrancy of the Theater District, DUO is an exciting new project that brings a sense of calm and serenity to an area in transition. Defined by two modern residential buildings that come together to create a dynamic whole, DUO features a lush 615 Tenth Avenue is a rare retail opportunity in the courtyard at its heart, a glass amenities “bridge” that looks heart of Hell’s Kitchen, a fast-growing community of out onto Tenth Avenue and thoughtfully considered street- diverse restaurants and retail shops, wide tree-lined streetslevel and retail a refreshing offerings. mix The of building’s pre-war clean,and post- symmetrical façade modernis a serenearchitecture. antidote to the bustling Hell’s Kitchen streets, and 6,046naturalistic SF of retail landscaping to be located complements at the base innovative, of a new, high-tech 92-unit,amenities. high-end Underscoring residential condominium,the synergy that DUO—an exists between excitingluxe newand project natural, that peaceful brings anda sense energized of calm and and central and serenitysecluded, to this DUO prosperous redefines and thrivingwhat it neighborhood.means to live in this thriving The project will feature two modern residential buildings, neighborhood today. a lush courtyard at its heart, and a glass amenities bridge overlooking the street-level retail offerings. CONCEPTUAL RENDERING RETAIL OPPORTUNITY THE WEST SIDE OF MANHATTAN IS THE CITY’S FASTEST GROWING NEIGHBORHOOD 137,000-SF DEVELOPMENT 6,046 SF OF RETAIL Located on the southwest corner of West 45th Street, the retail space boasts an expansive 159 FT of frontage along Tenth Avenue and West 45th Street. -
Go West! 7 Train Expansion Leads to Big Boom Summer Rental Market Sizzles New York's Greenest Digs the Best of Kips Bay Décor
LuxuryJUNE/JULY 2012 Rentals THE ESSENTIAL RESOURCE FOR TRENDY RENTERS COVER PHOTO 640 NOHO ELEVATING EXPECTATIONS FOR LUXURY LOFT LIVING IN HISTORIC NOHO Go West! 7 Train Summer New York’s The Best Expansion Leads Rental Market Greenest of Kips Bay Décor to Big Boom Sizzles Digs Show House A SPECIAL ADVERTISING SUPPLEMENT TO THE NEW YORK OBSERVER LR_0612_Cover.indd 1 6/1/12 2:24:38 PM 1 3 RIVERVIEW TERRACE � TH 322 WEST 57TH STREET 5 BR, 4.5 BATH WEB ID: 138095 $34,500 4 BR, 4 BATH WEB ID: 677935 $25,000 We de ne our neighborhoods as much as they de ne us. 79 LAIGHT STREET 71 FRANKLIN STREET 3 BR, 3.5 BATH WEB ID: 737289 $25,000 3 BR, 2 BATH WEB ID: 404376 $11,000 730 Fifth Avenue 88 Greenwich Street 239 East 79th Street New York, NY 10019 New York, NY 10006 New York, NY 10075 212.242.9900 212.269.8888 212.929.1400 110 Fifth Avenue 26 Astor Place 45 Horatio Street New York, NY 10011 New York, NY 10003 New York, NY 10014 212.633.1000 212.584.6100 212.604.0300 TOWN Residential, LLC is a licensed real estate broker and proud member of REBNY. Town Residential LLC is a partnership with Thor Equities LLC. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.