Wednesday 26 February 2020

Council drives another nail in coffin of Olnick’s Lenox Terrace project

The City Council will soon find out if the Olnick Organization’s backup plan for its Lenox Terrace expansion was just a bluff. The landlord’s odds of getting approval for its proposed 1,600-unit development in Harlem dwindled Wednesday when a City Council subcommittee voted unanimously to reject the zoning change Olnick sought. But current zoning still allows for a sizable project. Early this month, Olnick released a rendering of what it would build as-of-right in Harlem



source https://therealdeal.com/2020/02/26/council-drives-another-nail-in-coffin-of-olnicks-lenox-terrace-project/

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