Mitsui Fudosan

condos, lincoln square, New Developments, Policy, Upper West Side 

SJP Properties, Mitsui Fudosan, 200 Amsterdam Avenue, Elkus Manfredi, Lincoln Square, Upper West Side tower

Rendering of 200 Amsterdam Avenue via SJP Properties/ Elkus Manfredi

The city’s Board of Standards and Appeals found Tuesday that a 668-foot-tall tower proposed for a zoning lot at 200 Amsterdam Avenue does, in fact, comply with zoning rules, The Real Deal reports. The decision gives developers SJP and Mitsui Fudosan the green light to proceed with development of a condominium tower on the site at 69th Street despite a growing body of community groups opposed to the project. The Committee for Environmentally Sound Development had challenged the Department of Buildings’ approval of the project on the grounds that developers assembled an illegal zoning lot in the form of a 39-sided polygon 10 times larger than the actual building’s planned footprint with the intent of building a larger tower.

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affordable housing, Hell's Kitchen, housing lotteries

Last June, Mitsui Fudosan, one of the largest real estate companies in Japan, bought a majority stake in Taconic Investment Partners525 West 52nd Street, a $330 million rental development between 10th and 11th Avenues. As the Journal reported at the time, the two-towered Hell’s Kitchen project (one is 22 stories, the other 14) will offer 392 apartments with 80 set aside for low-income residents, as it was developed through the city’s 421-a program. Now, those affordable units have come online through the city’s housing lottery, and they range from $913/month studios to $1,183/month two-bedrooms.

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