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Air rights out of nowhere: City could offer density bonuses in West Chelsea

Air rights out of nowhere: City could offer density bonuses in West Chelsea

Developers have long griped about the lack of available air rights in West Chelsea. And now, with most of the available air rights sold off, the city could step in and start, essentially, selling their own. As part of the 2005 rezoning of West Chelsea, the city stipulated that once 90 percent of air rights were sold or otherwise used in the district, developers could potentially increase allowed floor area in exchange for contributions to […]


Source: realdeal

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