New York CIty Council Member Ben Kallos

REAL ESTATE WEEKLY

REAL ESTATE WEEKLY Sutton Place supertall gets go-ahead by Editorial Board

Sutton Place supertall gets go-ahead

“The fight to preserve our residential communities against super-tall buildings will likely have to continue in court before a judiciary less likely to be tainted by the political process after today’s irresponsible decision by the Board of Standards and Appeals,” Kallos said in a statement. “The Board ruled in favor of a bad acting developer against a lawful rezoning that was the result of a grassroots effort by the local community and elected officials.”

Gamma Real Estate bought the site out of foreclosure after the Bauhouse Group defaulted on loans for the assemblage it created along three contiguous lots form 428-432 East 58th Street between First Avenue and Sutton Place