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[...] when the residents of a 12-story loft building in Chelsea learned that a proposed tower next door threatened to darken most of their windows and block their Empire State Building views, they tried a less confrontational approach.
They banded together to make the developer an unusual offer: $11 million not to build.
— The New York Times
A group of Chelsea condo owners have shown that a million-dollar view can actually be worth $11 million. As J. David Goodman writes in the NYT, "The owners used a typical developer strategy and turned it on its head: They bought the developer’s air rights — normally used to allow for... View full entry
Any visitor to New York over the past few years will have witnessed this curious new breed of pencil-thin tower. Poking up above the Manhattan skyline like etiolated beanpoles, they seem to defy the laws of both gravity and commercial sense. They stand like naked elevator shafts awaiting their floors, raw extrusions of capital piled up until it hits the clouds. — The Guardian
In his latest long-form piece, The Guardian architecture critic Oliver Wainwright shows how the advent of the new 'pencil tower' building type is rapidly transforming New York City's skyline, digs in the history of zoning laws, and explains how "air rights" allow (an abundance of) cash to buy a... View full entry
Ever since 19th century city commissioners laid a grid on the hilly island of Manhattan, New York City has been squeezing skyward. That’s meant natural light has always been in short supply—for some New Yorkers more than others. Access to sunshine was one of the main drivers of the first zoning laws, as a new exhibit at the Museum of the City of New York, Mastering the Metropolis, explores. — citylab.com
Related stories in the Archinect news:Crowded skies: Sunlight as the new amenity for the super richWelcome to the permanent dusk: Sunlight in cities is an endangered speciesTwilight Zoning: What 100 years of zoning hath wrought, ft. special guest Mitch McEwen on Archinect Sessions #77Obama calls... View full entry
“In New York, development is a three-dimensional chess game,” said Dan Kaplan, a senior partner at FXFowle Architects, “and the reason we’re seeing an increase in the use of cantilevers above neighboring buildings is linked to the complexity of finding a site that can utilize all available development rights.” — nytimes.com