Department of Buildings Issues Foundation Permits for 70-Story Tower on South Street

Posted on: April 13th, 2022 at 5:01 am by

The controversial 70-story tower slated for the Lower East Side waterfront received a major boost this week.

Department of Buildings yesterday issued permits for the gargantuan foundation at 265 South Street, thus allowing owner-developer Chetrit Group to take advantage of the 421a tax exemption which is set to expire June 15.

The applications for the Support of Excavation and the Foundation were together approved by the city agency last week. We’re told that plan examiners determined all required items associated with the applications had been properly submitted, and that plans for the rear parking lot of Lands End II complied with applicable code and zoning regulations.

The official permits were issued yesterday. However, general construction permits are not yet granted to the developer for this project.

As we reported, there had been allegations from community groups in the area about “special permission” related to approving foundation work before the overall project is city-approved. However, a spokesperson from DOB tells us otherwise.

“This phased approval approach is a fairly common practice for larger projects,” the spokesperson said. “Our Codes here in NYC allow applicants to proceed with earthwork and foundation approvals prior to full new building approvals, if they submit certain required items, including a fully compliant application for the foundation, and a DOB-approved zoning diagram for the building.”

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