Printer Friendly
The Free Library
4,474,257 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

NBA is making a play for tower at Farlev site.


The city Planning Commission is considering a change in the zoning regulations that could pave the way for a 1-million-square-foot tower to house the NBA near the Farley Post Office.

The application was filed March 5 by 9th & 33rd Associates and Schulweis Realty Inc. It calls for building a 31-story, 480-foot-high building over the West Side Yard of the Long Island Railroad on a portion of the "super-block" between West 31st and West 33rd Street on the west side of Ninth Avenue.

"It was mailed off to the community boards which have 45 days to comment," said commission spokeswoman Jennifer Chait.

Tishman Speyer Speyer (shpī`ər), city (1994 pop. 49,310), Rhineland-Palatinate, SW Germany, on the Rhine River. The city, sometimes called Spires in English, is a river port and industrial center; manufactures include shoes, electrotechnical products, beer, metal and wood products, chemicals, and textiles. Properties would reportedly develop the property. The NBA would close its Secaucus, N.J. office and bring the jobs to New York according to a report in the New York Post. The NBA currently has a 150,000 SF headquarters at Olympic Tower on seven floors overlooking St. Patrick's Cathedral and an NBA store at 666 Fifth Avenue.

Harvey Schulweis, of Schulweis Realty, said he could not comment on the zoning application or about reports that the tower would house NBA offices. A spokesman for Tishman Speyer Properties also would not comment on the report.

"[The company] does not comment on pending negotiations," the spokesman said.

According to the zoning application filed with the Planning Commission, owners of the site have been working on development plans since 1990. The commission approved a special permit for the site, and then later granted several extensions.

"The delays were first caused by litigation, then by market conditions and then, most recently, by negotiations with the (Metropolitan Transit Authority) and Amtrak over the conditions imposed under the special permit," the application states.

The latest renewal is scheduled to expire July 2, but under current zoning regulations, cannot be renewed. The application before the Planning Commission addresses this issue.

Dan Biederman, president of the 34th Street Partnership, welcomed the addition of a new office tower on the site.

"It would be terrific to have Tishman Speyer in the district for the first time," Biederman said. "Maybe that site will help other sites to get developed."

Brookfield Financial Properties owns the southern portion of the block, land that abuts the Schulweis property. Brookfield has talked about building new Madison Square for Cablevision, but would reportedly need the company's property and the land owned by Schulweis to complete the project, according to published reports.
COPYRIGHT 2001 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:National Basketball Association, New York City
Author:KEITH, NATALIE
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:Mar 28, 2001
Words:400
Previous Article:LCOR buys hot corner.(Brief Article)
Next Article:Roundtable group will increase its Washington lobby efforts.(Real Estate Roundtable)(Brief Article)



Related Articles
Busses losing patience as Sparks fail to catch fire.(Johnny and Jerry Buss; declining attendance on Los Angeles Sparks' games)
It's a whole new league.(Isiah Thomas and Continental Basketball Association)(Brief Article)
The Giants of the game.(Brief Article)
Minor League Basketball Team Plans Forum Season.
POIGNANCY, NOT POMP LAKERS RING CEREMONY SUBDUED.(Sports)
WNBA GROWS BY FOUR TEAMS.(SPORTS)
TAKING CENTER COURT; WNBA WILL TRY TO WOO BASKETBALL FANS TO WOMEN'S GAME.(SPORTS)
Recreation All-Stars hit Philly. (Rec Room).(Brief Article)
Jr. NBA/Jr. WNBA tips off youth basketball season. (Tip-Off).
Slam dunk: NBA dispatches its stars to be role models for literacy.(National Basketball Association's Read to Achieve )

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles