CityRealty Insider > New Developments in the News

New Developments in the News

MARCH 29, 2010

Some good news for Ground Zero deadlock; more uptown historic districts get recognized.

An agreement has been reached between the city, Silverstein Properties and the Port Authority allowing development at Ground Zero to proceed. Progress on the redevelopment project has been mired in controversy and delay as the involved parties fought bitterly over financial responsibilities. The new plan calls for “immediate restoration” of the site’s east side to street level, the completion of Tower 4 by 2013 and the phase-in of Towers 2 and 3 over time, aided by a capped public backstop of $390 million from the Port Authority, New York State and New York City as well as equity from the city and the state.

The Landmarks Commission has approved the extension of an historic district in an Upper East Side neighborhood that includes two sections of Lexington Avenue between 63rd and 76th Streets. The commission also designated the Brill Building at 1619 Broadway—at various times home to Duke Ellington, Tommy Dorsey, Cab Calloway, Nat King Cole and Paul Simon—as an individual landmark.

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