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Glick gets green light for East Side project.


Glick gets green light for East Side project

It's all systems go -- at least legally -- for Jeffrey Glick's mega development on the East Side of Manhattan between 60th and 61st Streets and First and York Avenues.

A representative for Glick said the developer, who was in Israel when the decision came out, immediately began making calls to financial institutions in hopes of securing financing for the $300 million project.

Glick received approvals for the plan "401 East 61st Street" from the nowdefunct Board of Estimate back in January of 1989. The decision was soon challenged by Sutton area residents and environmental groups, which sued the city to reverse its decision. The Supreme Court voted in favor of the city and upheld the approvals. That decision was later reversed, however, by the Appellate Division In several jurisdictions, the Appellate Division is the name of a court, or division of a court, that hears appeals from lower courts.
  • For the Appellate Division of the New York State Supreme Court, see New York Supreme Court, Appellate Division.
 as was Glick's approval. Last week, the court decided unanimously to overturn the earlier decision and let the approvals stand.

The project, designed by Costas Kondylis Costas Kondylis and Partners, LLP, is an architectural firm headquartered in Manhattan. Their influence on New York City’s skyline has been commented on by New York Living Magazine  Architects, includes two 42-story condos with 520 units and 430,000 square feet of non-residential space -- a major hotel, retail and commercial space, a health club, and parking for 400 cars. The project comprises almost an entire city block excluding a small parcel on York Avenue where a parking garage stands.

Sewage the Issue

The ultimate issue was in the suits was sewage. The final environmental impact statement, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Glick representative, mistakenly said the development would use the Wards Island sewage treatment Sewage treatment

Unit processes used to separate, modify, remove, and destroy objectionable, hazardous, and pathogenic substances carried by wastewater in solution or suspension in order to render the water fit and safe for intended uses.
 plant, when in actuality the project was to use the Newtown Creek In New York City, Newtown Creek, approximately 3.5 miles in length, empties into the East River. It forms part of the boundary between Brooklyn and Queens. Its waterfront, and that of its tributaries English Kills, Dutch Kills, and Maspeth Creek, are heavily industrialized.  plant. The error was discovered, after the statement was printed but before the Board of Estimate was to render its decision. A full disclosure was made three days prior to the board's vote on the project.

The initial suit by the Sutton Area community residents rose a number of issues, sewage being one of them. The Supreme Court rejected the groups complaints and let Glick's approval stand. The Appellate Division last April ruled narrowly that, in the matter of sewage, three-days was not sufficient time for the Board of Estimate to consider all the issues connected with Newtown Creek. Last week, in a unanimous decision A Unanimous Decision is a winning criterion in several full-contact combat sports, such as boxing, kickboxing, Muay Thai, mixed martial arts and others sports involving striking in which all 3 judges agree on which fighter won the match. , the Court of Appeals, the state's highest court, ruled the board was informed and that had they considered numerous factors.

Glick was represented by the law firm of Sive Paget & Riese.

While Glick has surpassed all legal hurdles on this project, his troubles are not over. Recently Fidelity Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation.  began foreclosure foreclosure

Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract.
 on another Glick property the site of the former Luchow's building.
COPYRIGHT 1991 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Jeffrey Glick
Author:Fitzgerald, Therese
Publication:Real Estate Weekly
Date:Jul 17, 1991
Words:425
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