Public Hearings · Property Disposition · Housing Preservation and Development
Clinton Site 7
- Agency
- Housing Preservation and Development
- Published
- 2015-03-27T00:00:00.000
- Event
- 2015-04-29T01:00:00.000
Notice text
<p> </p> <p> Pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter, notice is hereby given that the Department of Housing Preservation and Development ("HPD") of the City of New York ("City") has proposed the sale of the following City-owned property ( "Disposition Land") in the Borough of Manhattan:</p> <p> </p> <p> <u>Addresses</u> <u>Block/Lots</u></p> <p> 538 – 548 West 53<sup>rd</sup> Street (“Project Site 1”) 1081/50 (formerly p/o Lot 1)</p> <p> 530 – 536 West 53<sup>rd</sup> Street (“Project Site 2”) 1081/1 (formerly p/o Lot 1)</p> <p> </p> <p> and also known as Clinton Site 7 in HPD's Mixed Income Program, and has also proposed the sale of certain development rights associated with adjacent City-owned property on Block 1081, Lot 80 (formerly p/o Lot 1), known by the street address 543-551 West 52<sup>nd</sup> Street, located in the Borough of Manhattan (“Disposition Development Rights”) (the Disposition Land and Disposition Development Rights are known collectively as the “Disposition Area”). The Disposition Development Rights consists of approximately 1,540 square feet of unused zoning floor area.</p> <p> </p> <p> This submission seeks a new approval by the Mayor (“New Approval”) which corrects and amends a previous approval dated November 24, 2014 (Cal. No. 5) (“Original Approval”). The Original Approval (i) contained incorrect sizes for commercial spaces in the project because it excluded the square footage for commercial spaces below grade, and (ii) incorrectly referred to a community facility for the project instead of open space. This submission provides that (i) the commercial space on Project 1 is 23,707 square feet (instead of 11,357 square feet as provided in the Original Approval) and that the commercial space on Project 2 is 30,700 square feet (instead of 22,550 square feet as provided in the Original Approval), and (ii) Project 1 contains 2,510 square feet of open space (instead of 2,510 square feet of community facility space on each of Project 1 and Project 2 as provided in the Original Approval). In addition, the number of dwelling units in Project 2 has decreased from 405 to 392.</p> <p> </p> <p> The Disposition Land consists of Block 1081, Lots 50 (formerly p/o 1) and 1 (formerly p/o Lot 1), known by the street addresses 538-548 West 53rd St (“Project Site 1”) and 530-536 West 53rd St (“Project Site 2”). The Disposition Development Rights consists of approximately 1,540 square feet of unused zoning floor area associated with the adjacent City-owned land located on Block 1081, Lot 80 (formerly p/o Lot 1), known by the street address 543-551 West 52nd Street. (The Disposition Land and Disposition Development Rights are known collectively as the “Disposition Area.”)</p> <p> </p> <p> Under the project described in the New Approval, the City will sell the Disposition Area to Clinton West 53rd Housing Development Fund Corporation (“Sponsor”), for the nominal price of one dollar per tax lot. Sponsor will also deliver an enforcement note and mortgage to the City for the remainder of the appraised value of Project Site 1. Sponsor will then sell Project Site 2 and the Disposition Development Rights to 525 West 52 Property Owner LLC (the “LLC”) for not less than $3,097,200 (“LLC Purchase Price”), and will retain Project Site 1. Sponsor will thereafter construct a housing project on Project Site 1 and the LLC will construct a housing project on Project Site 2.</p> <p> </p> <p> Sponsor will construct one building on Project Site 1 that will contain approximately 102 rental dwelling units plus one unit for a superintendent and approximately 23,707 square feet of commercial space (consisting of 11,361 square feet of commercial space at the ground level and an additional approximately 12,346 square feet of commercial space at the cellar level), and will develop approximately 2,510 square feet of Project Site 1 as open space. The project will be partly funded with a portion of the proceeds from the LLC Purchase Price.</p> <p> </p> <p> The LLC will construct one building on Project Site 2 that will contain approximately 391 rental dwelling units plus one unit for a superintendent and approximately 30,700 square feet of commercial space (consisting of 22,700 square feet of commercial space at the ground level and an additional approximately 8,000 square feet of commercial space at the cellar level), and the adjacent privately owned property at Block 1081, Lot 16 (formerly Lots 1001 through 1008), with financing from the New York State 80/20 Housing Program.</p> <p> </p> <p> The appraisal and the proposed Land Disposition Agreements and Project Summaries are available for public examination at the office of HPD, 100 Gold Street, Room 5-O8, New York, New York on business days during business hours.</p> <p> </p> <p> PLEASE TAKE NOTICE that a public hearing will be held on April 29, 2015 at Second Floor Conference Room, 22 Reade Street, Manhattan at 10:00 a.m., or as soon thereafter as the matter may be reached on the calendar, at which time and place those wishing to be heard will be given an opportunity to be heard concerning the proposed sale of the Disposition Area pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter.</p> <p> </p> <p> Individuals requesting sign language interpreters should contact the Mayor's Office Of Contract Services, Public Hearings Unit, 253 Broadway, Room 915, New York, New York 10007, (212) 788-7490, no later than five (5) business days prior to the public hearing. TDD users should call Verizon relay services.</p> <p> </p> <p> Publication Date: March 27, 2015</p> <p> </p>