I awkwardly stated my point, sorry... but the apartments in this development would be rental, not condo. Affordable in this context, like I mentioned would likely be relative but I certainly don't think it means more than $75,000-150,000 in income for its residents. Only 250 or so units will be affordable anyway, with hundreds of units priced at $5,000-10,000 + per month for high end units. I doubt anything here is less than $2,500-3,000 a month though even in the affordable part of the development.In NY, affordable housing programs are rentals -- not units that one buys. The overwhelming majority of Manhattan residents rent and don't own.
Hopefully the wait won't be a long one. Silverstein is in great health but the dude STILL is 83!No news at all.
last I read just right after that CB hearing, the article stated Silverstein now has to wait for the Dept of Planning to authorize and sign off on the exemption to allow residential on the current zoning.
IMO, the zoning regulation will be modified to allow Silverstein to build his tower.
106 floors, but pretty short proportionally if they're going with 1,100ft. Not quite as awesome as it sounds... hope they can at least ramp it up another 100ft or so though clearly(and thankfully) not meant as yet another trophy tower catering exclusively to the ten figures and up only club.