10 Feet for Trader Joe’s Building Preservation: A Fair Trade?

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The Post reports that Two Trees Management’s application for a waiver to put up a 60-foot building on Atlantic Avenue near Court Street got the green light from the powers that be in City Planning last month and will be voted on by the City Council within the next few weeks. The proposed building would be 10 feet higher than what’s allowed in the Cobble Hill historic district. A city regulation allows developers to build higher than what historic district rules permit if the developers can demonstrate their building will enhance the area; Walentas & co. are arguing the 60-footer will improve Cobble Hill by helping to preserve the landmark bank building next door, which the firm is leasing to Trader Joe’s.
Brooklyn Heights Loophole [NY Post]
Will Two Trees Proposal for Atlantic Ave. Get Chopped? [Brownstoner]
Photo by Kate Leonova for Property Shark.

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