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Air rights transfer to make 3 St. Mark's Place larger returns to the Landmarks Preservation Commission today

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The Landmarks Preservation Commission (LPC) will review — and possibly vote on — a revised application today to allow an air rights transfer from 4 St. Mark’s Place across the street to a planned new office building on the northeast corner of St. Mark’s Place and Third Avenue.

As previously reported, Real Estate Equities Corporation (REEC) wants to transfer the air rights from the landmarked Hamilton-Holly House to add square footage to their office building.

In April, the LPC asked REEC reps to alter their proposal to incorporate the commission’s recommendation that they lower the structure’s first setback to better align with the St. Mark’s Place street wall, among other items, as Curbed reported at the time.

And here are some updated renderings from the latest application (PDF here) …

The proposed air rights transfer must be approved by the Landmarks Preservation Commission, the City Planning Commission and ultimately City Council.

The Village Preservation, who have lobbied against the transfer, noted the following about the approval process in an email on Friday: “As the [LPC and City Planning Commission] are controlled by appointees of the Mayor, we expect them to likely approve the plan. Which means the final decision will likely come down to the Council, which will defer to local Councilmember Carlina Rivera for their decision.”

During the April LPC meeting, Jeremy Unger, Rivera’s spokesperson, voiced skepticism of the precedent the project could set for the East Village and other neighborhoods, according to Curbed.

Community Board 3, State Sen. Brad Hoylman and Assemblywoman Deborah Glick have all spoken out against the bulk waiver.

Regardless of the outcome, REEC will still be able to build a slightly less bulky mixed-use office building with ground-floor retail.

Previously on EV Grieve:
Demolition permits filed for northeast corner of 3rd Avenue and St. Mark’s Place

End is nearing for the businesses on the northeast corner of 3rd Avenue and St. Mark’s Place

New building plans revealed for 3rd Avenue and St. Mark’s Place

Concern over potential air-rights transfer for new office building on St. Mark’s Place and 3rd Avenue

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

Final demolition phase for 1 St. Mark’s Place; more questions about lobbyists attached to project





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