He said the value of BSP's investment had grown to P900 million after the floor area ratio
was increased by Alphaland.
The building is located on a 7,000-square-foot lot with a maximum floor area ratio
of 41,952 square feet, according to PropertyShark.
The city also provides a floor area ratio
bonus to central city projects based on the inclusion of eco-roofs.
Currently occupied by a vacant, two-story, 4,356 s/f commercial building, the site is zoned C6-3A, with a maximum floor area ratio
Situated in the heart of Manhattan s Financial District near the New York Stock Exchange and World Trade Center, the property offers about 290,000 square feet of floor area ratio
(FAR) for development.
In a DDA board meeting on Friday, the layout plan for expansion of the temple was approved but subject to the condition of furnishing an undertaking that the ground coverage will not exceed beyond the sanctioned Floor Area Ratio
Many Indian buildings do not conform to safety regulations, with owners constructing extra floors or structures without approval from the concerned authorities and beyond the sanctioned floor space index (FSI) or floor area ratio
Properties zoned as hospital have a floor area ratio
of 3, the highest category in Miami Beach.
More serious issues, such as Legally Nonconforming property improvements exceeding the maximum permitted Floor Area Ratio
(FAR) and tenant uses that do not conform to current zoning regulations are significant situations that will need to be addressed.
The building plan to be submitted shall include the Floor Area Ratio
( FAR), number of permissible floors, number of actual floors, actual plinth area constructed at the site, etc.
There are some constraints like land prices, anomalies in Floor Area Ratio
(FAR) in smaller cities, archaic laws etc that hinder the growth," he said.
Despite the suggested decrease in maximum building height, the recommendation allows for the same floor area ratio
and residential units, by increasing the height of other parts of the development, specifically residential townhouses which are four stories tall in the Toll Brothers' plan, said architect John Hatheway, who discussed the borough president's recommendation at today's hearing.