Two Bridges Groups Demand DOB Deny Chetrit Special Permission to Build 70-Story Tower Under 421-a
Mere days after securing $70 million in funding comes word the Chetrit Group is appealing to the city for special permission to pour foundations for its super-tall waterfront towers, before the project overall is approved. Locals are diametrically opposed, alleging this as an attempt to capitalize on the 421-a tax break before it expires.
Neighborhood activists this week announced that Chetrit had sent a letter to Department of Buildings back in January requesting exceptional treatment to begin digging for the massive foundation before other required approvals were in place. The strategy being that it would allow Chetrit to participate in the 421-a tax break before its expiration on June 15.
In response, a gaggle of area community groups (GOLES, TUFF-LES, CAAAV) and individual residents are amidst a press push to stop the city from granting this exception. There was a rally outside DOB headquarters downtown yesterday, led by Assembly Member Yuh-Line Niou demanding the city not cave to the pressure.
Area residents also hand-delivered a letter with over 120 resident signatures and addresses to the acting DOB Commissioner Constadino Sirakis, urging the city not to approve these excavation and foundation permits. “The convenience of the developer cannot not drive the Department’s decision; a duty to us and our fellow residents must,” the missive states.
As reported, Chetrit acquired the development parcel from CIM/L+M last fall. The 70-story luxury newcomer is to rise atop tye current Lands End II parking lot. It’ll boast roughly 1,350 apartments, more than 300 of which earmarked as affordable; retail spaces are also anticipated on the Cherry Street front, including the possibility of a grocery or pharmacy.