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Associate Justice Cynthia Aaron, writing for the panel, said there was enough evidence, including the guilty pleas of officials, to conclude the long-running pattern of “excessive gift giving” by.
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Carmel wants $52M for excess Fulton Street air rights. It later changed those plans to a 59-story tower with 460 units after being denied a 421a tax abatement. Carmel’s early plans called for a 63-story with 476 apartments and 8,000 square feet of retail. Now, plans call for a 49-story tower with 483 units.
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Air Passengers Hear Concerts by Radio Sent From Lausanne on Geneva-Paris Trip;. Fulton Street Buliding Leased Five Years in Advance.. Carmel Myer’s Charges Isadore B. Kornblum With Desertion. TOPICS OF THE TIMES.
Articles about 144 Fulton Street from Commercial Observer, New York’s authority on commercial real estate leasing, financing, deals and culture.
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The assemblage at 112-120 Fulton Street has undergone several changes over the past few years: first, the site was reduced to 112-118 Fulton after a 421-a snafu, and then, Lightstone Group sold the parcels to Carmel Partners for $171 million two months ago.
"Ron Zeff’s firm is seeking $400 per square foot for the inclusionary air rights, a figure that adds up to $52 million. In all, the developer obtained a total of 180,000 square feet of inclusionary air rights at the site in a deal with the city, which would fetch $72 million if sold at the per-foot asking price; 50,000 square feet of the 180,000 sum is already in contract for an unknown amount.
UP IN THE AIR-"Carmel wants $52M for excess Fulton Street air rights," by The Real Deal’s E.B. Solomont: "San Francisco-based Carmel Partners is looking to shed 130,000 square feet of excess.