Originally Posted by Zapatan
So it's not really a problem is it then?
It's not a problem because the city is already looking to increase development in LIC through another rezoning.
To do so, Property Markets Group could have acquired unused development rights from an adjacent site controlled by the Metropolitan Transportation
That parcel of land borders Property Markets Group's parcel to the northeast, and is being used in conjunction with the MTA's East Side Access project.
The plot likely holds more than 1 million square feet of unused development rights, according to a Crain’s estimate, and could be the source of the project's
Note that when they say "height", they actually mean size, an important distinction. You can see the sites below...
But in any case, the developers could always seek an increase through the city's approval process like every other developer that needs it.
And lets not forget, with all of this development knocking on the door to Sunnyside Yards, there's still the planning of what will be built there.