ERFA in the news: Wall Street Journal on the order blocking demolition on construction site on East 58th Street

According to the WSJ: “Last Monday, a bankruptcy judge ordered the sale of the East 58th Street site, assembled by Joseph Beninati’s Bauhouse Group. But the community groups, along with elected officials,
are hoping to delay the project until a new zoning plan limiting building heights can be put into effect.

“The plan, which the groups and officials said they were ready to formally propose to the City Planning Commission as early as this week, calls for buildings in the neighborhood to be no taller than 260 feet…”The groups hope it is approved before development work begins at the site. The proposed change also could discourage bidders at the auction, which was ordered by the court following a dispute between Bauhouse Group and its lenders, led by N. Richard Kalikow.

“The zoning change isn’t the only hurdle the project faces. On Wednesday, the Department of Buildings blocked a permit needed to complete demolition of the site, after conducting an audit requested by [Councilmember Ben] Kallos.” To read more, click here.

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