Air rights


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Air rights

A privilege or right, protected by law, to build in, occupy, or otherwise use a portion of air space above real property at a stated elevation, in conjunction with specifically located spaces on the ground surface for the foundation and supporting columns.
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In Stuyvesant Town, this meant preservation, and if air rights are transferred elsewhere, possibly new affordable housing.
Furthermore, the I-395 Air Rights Development will offer private firms the opportunity to lease large blocks of contiguous space, fulfilling their immediate needs as well as future needs for expansion," he continued.
Collegiate and Joint Venture maintained the highest and best use of their properties was a residential condominium building to be built on an assemblage of the properties at 198, 200, and 204 Broadway, along with the air rights from the properties at 192 and 194 Broadway.
Canada contends he holds the air rights, which he says he received from the Arkansas Bar Foundation when he purchased the building in 2004.
With an attitude modify that favors liberalisation in China being unlikely in the method phrase, the international providers will have to figure out methods to pressure their value and why they should get more air rights.
Rock Gaming has acquired land and air rights from FCE to develop a casino in downtown Cleveland, US, for a total sale price of USD85m.
Ownership of the air rights will allow development from the railroad tracks immediately north of Union Station to H Street, and from the north side of H Street to K Street.
filed an executed zoning lot development agreement with the City of New York dated December 28, 2007 and declared its intention to develop the 42 Trinity location in conjunction with the developmental air rights it also purchased.
Upper West Side development site almost lost out on millions of dollars because the owner previously sold part of the building's air rights.
Stephen Lefkowitz, a partner at Fried Frank -- which handled the transfer of several hundred thousand square feet of air rights from the St.
The Bethesda office is conveniently located in the Air Rights Center at the corner of Waverly Street and Wisconsin Avenue in downtown Bethesda.
The four-story mixed-use building is being sold with the option of purchasing 16,000 s/f of additional air rights from a neighboring property.