Showing posts with label historic district. Show all posts
Showing posts with label historic district. Show all posts

Aug 1, 2013

REBNY Study Finds Landmarking Stifles Growth

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Landmarking of Manhattan Properties is Stifling Economic Growth

according to study by REBNY (real estate board of New York)








REBNY study finds more than one in four Manhattan properties are landmarked, making neighborhoods less affordable and driving up costs for property owners.

Nearly 30 percent of Manhattan properties are now protected by regulations governing 
landmarks a milestone that will stifle job creation and important economic development 
initiatives, increase the cost of living in New York, and further homogenize much of the
borough’s neighborhoods. 

A total of 11,857 or 27.7% of Manhattan properties are designated landmarks, according to the comprehensive analysis released today by the Real Estate Board of New York (REBNY). 

In some neighborhoods, such as the Upper West Side and SoHo/Greenwich Village, of 
Manhattan the level of protected properties has reach a staggering 70 percent. As the ability to develop housing is constricted, housing prices increase and wealth concentrated heavily 
landmarked areas. 

Owners must expend time and resources on the administrative and discretionary process that landmarks designation represents, while also paying the hard costs of complying with landmarks standards. These regulations impose a special burden on those buildings that have a population 
whose income is unable to support the cost of complying with the largely unsubsidized Landmark regulations as well as those rent regulated buildings whose annual rent increases are set by
the Rent Guidelines Board. 

Other key findings of the study include: 70% of properties in Community Districts 2 (SoHo, Village area) and 7 (Upper West Side) are landmarked.

93% of all landmarked properties in Manhattan are located in historic districts, indicating how this broad brush approach to landmark designation undermines the landmark process by capturing numerous properties that have no historic significance, by including buildings that lack any architecturally noteworthy style or that have been so significantly altered that they lack distinction
48 vacant lots and 50 parking lots representing approximately 2.6 million square feet of 
development potential are on landmarked properties in Manhattan.

The study also noted that landmarks affect efforts to create a more sustainable New York. 
As property owners attempt to increase energy efficiency in landmarked buildings, it is becoming harder to find affordable fixtures that comply with landmarks standards. 

Preservationists such as West End Preservation Society and Greenwich Village Society for Historic Preservation mission is to preserve and protect West End Avenue and Greenwich Village to ensure that the architecture and historic significance will endure for generations to come, 
even in the face of major development. 

Preservationists and the Real Estate Board of New York have opposing missions and agendas. 


Jun 27, 2012

West End Avenue Historic District Approved

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The Landmarks Preservation Commission voted yesterday to approve the first phase of the Riverside-West End Avenue historic district. The district, which also includes buildings on Riverside Drive and Broadway, is split into three sections — The LPC approved a partial section of the planned historic district from 79th to 87th Street between Broadway and Riverside Drive

After years of campaigning to designate West End Avenue a historic district WEPS (West End Preservation Society) announced a newly proposed area designation as defined by the Landmarks Preservation Commission on September 15, 2010.

The entire proposed district spans from 70th Street to 109th Street

West End Ave: 70th - 107th Sts

Riverside Drive: 70th - 109th Sts

Parts of Broadway (WS): 70th - 109th Sts

Much of the Cross Streets: 70th - 109th

from RSD to West Side of Broadway

related blog posts:





West End Avenue

Sep 26, 2010

No "Sliver Building" for Upper West Side Townhouse

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330 West 86th Street - Upper West Side



Back in June, I wrote a blog post about the West 80s Neighborhood Association, the Coalition for a Livable West Side, the West End Preservation Society (WEPS), and LANDMARK WEST co-hosting a community meeting to save the townhouse building at 330 West 86th Street from being replaced by a "sliver building" The community was successful saving the townhouse.

It is currently listed with Halstead Property for sale for $6,350,000. The townhouse has 9 apartments, 5 floors and a full cellar.

It can be used as a single family home, live/work or an investment property with rental apartments.

West End Avenue Historic District

Sep 18, 2010

West End Avenue Proposed Historic District

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West End Avenue - Upper West Side - Manhattan
 

After years of campaigning to designate West End Avenue a historic district WEPS (West End Preservation Society) announced a newly proposed area designation as defined by the Landmarks Preservation Commission on September 15, 2010.



New Map Unveiled: Proposed Historic District Includes:
Download West End Avenue Historic District Map

West End Ave: 70th - 107th Sts

Riverside Drive: 70th - 109th Sts

Parts of Broadway (WS): 70th - 109th Sts

Much of the Cross Streets: 70th - 109th

from RSD to West Side of Broadway


This district is larger than previous proposals. Due to the enormity of the area proposed, a total of 790 buildings, the LPC will divide the district and the hearings into 3 geographical areas, extending the existing historic districts. The Upper West Side already boasts some 2,035 landmarked buildings.

By expanding the existing districts, the commission will also protect more buildings on the side streets.
The next step is for the LPC to place the proposal on a calander for a public hearing.















Feb 24, 2010

Loan on West 86th St. Townhouses on the Market

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iPhone photo: courtesy of Mitchell Hall

According to the Real Deal the $25.1 million first mortgage secured by three adjacent buildings at 272-276 West 86th Street is on the market.The loan was used to refinance 272 West 86th Street and aquire 274 and 276 West 86th Street, as well as fund tenant buyouts and pre-development costs at the properties. The pre-war walk up buildings are each 5 stories and have a combinred 18,645 square feet spread out over 30 units. The lot allows for 61,290 buildable square feet.

At the same time, community efforts are underway to Save the West 86th Street Townhouses. A petition to NYC Landmarks Preservation Commission was created by West End Preservation Society.

These four West 86th Street Gilbert townhouses are built in the French Neo-Renaissance style with delightful details worked into their stone facades. These buildings exhibit rounded bays running up three stories of the buildings, petite balconies, intricate floral swags atop the tall windows and mirror-image placement with respect to one another. This unique architectural design allows each of the four structures to be differentiated from the other yet at the same time exhibits a smooth, sensuous curve when viewing the four together. West 86th Street was once all townhouses from Central Park West to Riverside Drive. There are community efforts to designate all of West 86th Street a historic district.

sign the petition

Jul 19, 2008

West Chelsea NYC's 92nd Historic District

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Otis Elevator Building

Photo courtesy NYC Landmarks Preservation Commission.
The Otis Elevator Building, built in 1911-1912

The New York City Landmarks Preservation Commission unanimously approved the designation of the West Chelsea Historic District, a collection of 30 architecturally distinctive buildings that recall New York City's standing as the leading manufacturing center in the United States during the last half of the 19th
century.

Several of the nation's most prestigious manufacturers had a presence in West Chelsea at the end of the 19th century and during the first decades of the 20th century including the famed Otis Elevator Company the John Williams Ornamental Brass and Iron Works -- and the Reynolds Metal Company (521-537 W. 25th St.), a maker of tin foil wrappers and bottle caps that was founded by the nephew of tobacco maker R.J. Reynolds.

The West Chelsea Historic District is one of the few remaining industrial areas associated with Manhattan's once-thriving port and waterfront. The three large properties between 11th and 12th Avenues are directly tied to waterfront business, the Baltimore and Ohio Railroad Company Freight Warehouse, the Starrett-Lehigh Building, and the New York Terminal Warehouse Company's Central Stores.

The long blocks of West 26th and West 27th Streets between 11th and 12th Avenues form one of the city's most impressive industrial streetscapes. The remaining structures centered around the presence of rail facilities. The R. C. Williams building, for example retains a second-floor loading dock opening directly onto the High Line.

This district joins the High Line in preserving industrial architecture and infrastructure.

From the LPC Press Release

 
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