Upper East Side Patch Residents, Pols Rip NYCHA For UES Private Development Project by Brendan Krisel
Board members also questioned whether NYCHA could have gotten more than $25 million for the land. When asked by the board, Charney said a NYCHA appraisal put the value of the land closer to $60 million. City Councilman Ben Kallos, who pressed Fetner and NYCHA a number of times throughout the meeting, asked if NYCHA could have made more money by just selling air rights at the development to other sites within the neighborhood.
A NYCHA spokesperson did not immediately respond to Patch's request for comment.
In May 2017, the New York City Housing Authority announced that real estate developer Fetner Properties was selected to develop a plot of land currently occupied by a playground between the two Holmes Towers buildings on East 92nd Street between First and York avenues. Fetner bid on the project through a request for proposals launched by NYCHA as part of its NextGen NYCHA initiative to allow private development on public lands to fund capital repairs.