Gamma Real Estate

Gamma likely can t beat clock to avoid proposed zoning change that will stunt Sutton Place tower Jonathan Kalikow says foundation won’t be complete

Jonathan Kalikow and a rendering of Sutton 58

Gamma Real Estate s Jonathan Kalikow said his company will absolutely not be finished with the foundat阿拉爱上海同城

ion of Sutton 58 to escape a potent上海夜网

ial zoning change that will slash the tower in half.

A proposal to rezone 10-block area including Gamma s 430 East 58th Street could be voted on as early as next month. The change would require buildings in the area to adhere to “tower on a base” standards, which means that 45 to 50 percent of the building would need to be built bel上海贵族宝贝

ow 150 feet. This would mean the 67-story tower would likely be downsized to a 35-story上海夜网

building, Bloomberg reported.

Gamma would need to finish the bulk of its foundation work befor上海千花网交友

e the zoning change is approved in order to avoid the new restrictions. Construction crews have been working Saturdays, and Kalikow has previously said he s hopeful that they d beat the clock. But he told Bloomberg that they won t be able to catch up. [Bloomberg] — Kathryn Brenzel

Tags: Development, gamma real estate, Politics, Rezoning
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