Looks like 868’ to me?
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Minus L1 35.5’ elevation
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Related has purchased the small office building on the other side of the 70 HY lot.
Related Cos. buys 461 10th Ave. for $52M | Crain’s New York Business
The developer recently plunked down $52 million for 461 10th Ave., a 6-story, 44,500-square-foot commercial building in Hudson Yards known for hosting corporate parties that’s also adjacent to a Related high-rise project, according to a deed that appeared in the city register Monday.
Related and a partner, Oxford Properties Group, are developing a 72-story office tower next-door known as 70 Hudson Yards.
But work on the 1.4 million square foot high-rise, which broke ground in the summer and is to open in 2028, is already underway, and it is unclear what the building’s lot or air rights could add at this point. A Related spokeswoman could not be reached by press time.
Yet Related’s purchase of No. 461 gives the Jeff Blau-led firm total control of its block, which is also bounded by West 35th Street and Hudson Boulevard East. In addition to 70 Hudson Yards, the block contains Related-owned 455 10th Ave., a 44-story, 272-unit rental building called the Set.
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Could this be how they went from 717’/1.1m sqft to 832’/1.4m sqft?
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The additional floor area came from Related contributing to the HY District Improvement Fund and an air right transfer from the ERY, the whole block is zoned as a single development site and not separate lots. All the buildings share the 24 FAR (1,540,909 sqft), the “acquired” neighboring site was only 44,000 sqft.
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Saw this ZLDA posted on SSP (NYGuy)
Doesn’t this say that these are separate lots? And the development rights of the acquired property are 133k sqft and the combined rights equal ~1.1m sqft? I may be wrong, not exactly the easiest thing to understand.
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There’s a difference between the lots within the block, the zoning lots and the development site as a zoning lot.
The development site consists of the entire block which has a FAR of 24 and cannot exceed 1,540,909 sqft with all/any buildings on the block totaled together.
There are only 3 lots on the block.
And there are 2 zoning lots, of which 70 HY and The Set (451 10th Ave) share the same zoning lot, being a phased project. The acquiring of Lot 39 which has the small building on it is what the application is trying to do to create the aforementioned development site. You can buy a neighboring building, but without lot mergers, you can’t automatically transfer air rights.
The application was written with the proposed absorption of the air rights above the purchased site, but again, that only added ~44,000sf because the air rights above it were already factored. The larger increase came from the HYDIF and the ERY air rights.
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