Monday, 2 March 2020

City closes “loophole” developers exploit to build towers

The Department of Buildings on Monday said newly formed zoning lots cannot consist of partial tax lots, settling an issue that has dominated a contentious case over a condo development at 200 Amsterdam Avenue. The clarification — issued in a sparsely worded bulletin — is effective immediately and is not retroactive, said Jane Meyer, the deputy press secretary at the mayor’s office. That means it won’t apply to the Amsterdam Avenue tower. In mid February



source https://therealdeal.com/2020/03/02/city-closes-loophole-developers-exploit-to-build-towers/

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