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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Facing pressure to get something done more than a year after residents approved the tax increase, library officials now say they're moving ahead with a plan that doesn't encroach on the park's air rights.
These air rights could then be shifted from the initial heritage property to another location through a process known as the transfer of development rights (TDR).
The City Planning Commission is proposing a rule change that would increase the price of air rights in the neighborhood to $500 per s/f.
One of the ways the legislature has permitted separation of ownership in air rights is by the creation of condominiums.
The purpose of this RFEI is to gage interest and solicit Projecl Vision Statements from Firms capable of developing the air rights at the Stations in a manner consistent with MARTA%s objectives and TOD Guidelines (hereinafter defined).
According to the company, its subsidiary has received an offer to purchase two-thirds of the air rights over the building for USD8.
Mao pointed out that the number of tourist arrivals to Taiwan will grow further this year, thanks to the new air rights, increased flights, and the expansion of the sources of Chinese free individual travelers to 11 cities.
He also concluded that the air rights to 192 Broadway could not be transferred because there was no zoning lot merger as of the vesting date.
The ordinance is expected to raise hundreds of millions of dollars for the city through the sale of air rights and allow the development of several new skyscrapers.
The city has since reinstated the permit, which it revoked July 12 over air rights above Garland Street, which runs behind the former foundation building and the DoubleTree.
Air rights represent the difference between a theater building's actual size and the size allowed under Gotham zoning regulations.
Hilco Real Estate announced today that it will run a sales process resulting in an auction for an income-producing parking garage that includes ground floor retail and air rights for future development.