Public Hearings · Property Disposition · Housing Preservation and Development
Property Disposition
- Agency
- Housing Preservation and Development
- Published
- 2016-08-11T00:00:00.000
- Event
- 2016-09-14T10:00:00.000
- Address
- 1 Centre Street
Notice text
<p> Pursuant to Article 15 of the General Municipal Law (“GML”) 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 certain real property in the Brooklyn Center Urban Renewal Area (“Area”) to the New York City Economic Development Corporation, the sponsor designated by HPD (“Sponsor”), for redevelopment in accordance with the Fifth Amended Urban Renewal Plan (“Plan”) for the redevelopment of the area.</p> <p> </p> <p> The property to be sold is located in the Borough of Brooklyn, City and State of New York, and known as:</p> <p> </p> <p> <u>Address</u> <u>Block/Lot</u></p> <p> </p> <p> 418 Albee Square 146/42</p> <p> 416 Albee Square 146/ p/o 41 </p> <p> </p> <p> on the tax map of the City (“Disposition Area”).</p> <p> </p> <p> The City proposes to sell the Disposition Area to the New York City Economic Development Corporation (“Sponsor”) for the nominal price of one dollar per tax lot. Sponsor will then convey the Disposition Area to JEMB Albee Square LLC (“Developer”) for the price of Four Hundred Fifty Six Thousand One Hundred Seventy Seven Dollars ($456,177.00). The conveyance of the Disposition Area to the Developer will be made pursuant to the terms and conditions of a contract of sale between Sponsor and Developer (“Contract of Sale”). The Contract of Sale will be subject to review and approval by the City. The Developer will then construct on the Disposition Area and the adjacent private lots (Block 146, Lots 11, 12, 43, 46 and 47) a 37-story commercial office building containing approximately 431,775 gross square feet of combined office and retail space (“Proposed Development”).</p> <p> </p> <p> In connection with the Proposed Development, the City will also transfer 140,000 square feet of transferable floor area development rights from the adjacent City-owned property on Block 146, Lots 16, 17, 18, 23, 29, 34, 35, 36, 37 and p/o 41 to the Disposition Area and Private Lots for a negotiated price of Seventeen Million One Hundred Ninety Three Thousand Eight Hundred Twenty Three Dollars ($17,193,823.00), pursuant to a separate Zoning Lot Development Agreement and Declaration of Zoning Lot Restrictions.</p> <p> </p> <p> In addition, the City will grant a Light and Air Easement and an Access Easement on the adjacent City-owned lots (Block 146, Lot 37 and the part of Lot 41 not subject to this disposition) that benefits the Disposition Area. The Access Easement will allow entrance and exit from the ground floor retail within the Proposed Development and an emergency access directly across a planned public open space plaza (“Willoughby Square”) that will be developed adjacent to the Disposition Area. The Light and Air Easement will allow windows on the north façade of the Proposed Development that will face onto Willoughby Square. </p> <p> </p> <p> The appraisal and the proposed Land Disposition Agreement are available for public examination at the office of HPD, 100 Gold Street, Room 5-A1, 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 September 14, 2016 at 20<sup>th</sup> Floor North Elevator Conference Room D, 1 Centre 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 507(2)(d) 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>