Meeting Tonight on Fulton Street Redevelopment Proposal


Tonight the Community Board Two land-use committee will hear an interesting proposal to redevelop seven lots along Fulton Street between Grand Avenue and Downing Street. Above, five privately owned lots are marked in pink. The applicant also wants to develop two adjacent city-owned properties, lots two and three. Presumably a very large development will go in on the seven lots, which are currently empty. According to a Community Board Two bulletin, “The Department of Housing Preservation and Development is willing to consider transferring the property in what is known as a negotiated sale. However, before the agency will prepare a ULURP (Uniform Land Use Review Procedure) application for the disposition of the two lots, it requests a preliminary opinion from CB2.” A negotiated sale means the City would work out a deal with the applicant but not sell the lots on the open market. The identity of the would-be developer was not disclosed; architectural firm Aufgang and Subotovsky and legal firm Akerman Senterfitt LLP, which specializes in zoning, land use and development, will present. GMAP

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