BY ELIZABETH KIM
JULY 19, 2019
Dealing another blow to the controversial Two Bridges mega development in Lower Manhattan, a panel of state appellate judges has ruled that one of the project’s developers must seek consent from a storefront leaseholder before proceeding with a planned supertall.
Luxury residential developer JDS had proposed the tallest of what is slated to be four high-rise towers near the waterfront in the Lower East Side and Chinatown. In a creative feat of zoning and engineering, the planned residential project at 247 Cherry Street would rise 1,008 feet in a stilt-like design above an existing 10-story senior apartment building and a neighboring one-story brick building at 235 Cherry Street whose ground lease is held by a team of competing developers, Roy Schoenberg and Gary Spindler.
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