Dear PlanNYC Users:
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As of July 7, 2010, we have suspended daily news updating on this website, and will not be adding new developments or policy and legislative debates.
PlanNYC, a student-run website based at NYU’s Furman Center for Real Estate and Urban Policy, has proudly served New Yorkers for five years. During that time, the growth of online information on land use and development issues, along with advances in technology such as RSS feeds and news alerts, have created many opportunities for New Yorkers to stay informed about housing and land use debates in the City. As a result, the daily news updating on this site has become less unique and less critical to our users.
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Thank you for visiting PlanNYC.
As of July 7, 2010, we have suspended daily news updating on this website, and will not be adding new developments or policy and legislative debates.
PlanNYC, a student-run website based at NYU’s Furman Center for Real Estate and Urban Policy, has proudly served New Yorkers for five years. During that time, the growth of online information on land use and development issues, along with advances in technology such as RSS feeds and news alerts, have created many opportunities for New Yorkers to stay informed about housing and land use debates in the City. As a result, the daily news updating on this site has become less unique and less critical to our users.
We are pleased to keep the existing PlanNYC content online as a resource; all content on the site is current of July 6, 2010, but will not be updated after that date.
We hope you continue to use the data and research available at the Furman Center (which you can find at www.furmancenter.org), and we welcome your ideas and suggestions for how we can continue to provide objective information and analysis about land use and housing policy debates in New York City.
For additional information or questions, please email furmancenter@nyu.edu.
High Expectations for the Diamond Tower
NEW YORK DIAMOND TOWER
MANHATTAN COMMUNITY DISTRICT 05
MANHATTAN COMMUNITY DISTRICT 05
February 3, 2009
New York Daily News
Extell developer Gary Barnett hopes to sell more than $355 million of condominiums to the jewel industry at its Diamond Tower on West 49th Street. Extell does not have contruction financing yet. But, Barnett believes the 41-story tower designed by Skidmore Owings & Merrill will be “substantially complete” by October 2010. Questions remain about whether Extell will be able to get financing and whether Extell still qualifies for $49.6 million in tax benefits from the Economic Development Corporation. Extell’s agreement with the EDC was based on the expectation that the jewelry-industry space would be leased to users, not sold as condos.
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