And that process hasn't begun. (Both I and resident Peter Krashes posted comments to that effect, which were published, yet the post wasn't corrected.)
In 2018, beyond as-of-right: 615 Dean
With two other towers announced but stalled--the condo 615 Dean (B12, unveiled September 2015) and the market-rate rental-plus school 664 Pacific (B15, unveiled December 2015), I'd wondered why Greenland Forest City hadn't said anything about moving forward.
Well, both would require tweaks, since the 421-a tax break wouldn't apply to buildings that are 100% market-rate, but 615 Dean, at least, is unencumbered by any negotiations with neighbors, as is 664 Pacific.
So maybe we shouldn't be surprised that Kasirer has a lobbying retainer regarding 615 Dean (above left).
That suggests that the promised interim open space at B12 and B13--the parcels above Dean Street between the extant 550 Vanderbilt and 535 Carlton--may not last all that long.
|615 Dean, by KPF|
Park Strategies: 421-a and Site 5
Another series of retainer letters, such as this one from February 2015, detail the developer's relationship with Park Strategies, the lobbying firm run by former Republican Sen. Alfonse D'Amato.
The key issues for Park Strategies have been the future of Site 5 and the revision of the 421-a tax exemption. On that front, Park Strategies has an incomplete and a loss.
The incomplete refers to Site 5, which has been stalled, but could start moving forward this year. The loss regards the significant impact of the 421-a revision that surfaced last April.
That revision excludes condominiums, upending Greenland Forest City's plans. Also, it did not renew the "Atlantic Yards carve-out," which allowed market-rate buildings in the project (including rentals like 664 Pacific) to get the tax break as long as the overall project met a minimum threshold of affordability.
That further upended the developer's plans, and likely contributed to Forest City's decision to mostly leave the project. That said, I wouldn't be surprised if the developer and lobbyist are pushing for a further revision to 421-a.
|From 2015 Park Strategies retainer with Greenland Forest City Partners|