If you didn’t think that NYC developers were completely out of control, dig this:
Madison Equities is proposing to demolish two 1842 formerly-private homes at Fifth Avenue between 8th and 9th Street–one of the very last survivors of little old Fifth Avenue–to build yet another unaffordable apartment tower.
The proposed tower is bigger than anything yet constructed in a landmark district, reports Greenwich Village Society for Historic Preservation. The buildings being targeted include rent-regulated apartments, which exactly confirms what the shill from the City Planning Commission at the hotel-permit hearing last month was trying to play dumb about:
to wit, once again, it’s an empirical fact that rent-regulated buildings are now being demolished, thus decreasing still further the stock of affordable housing in this city.
Since the Fifth Avenue buildings lie with a historic district, the Landmarks Demolition Commission will eventually hold a hearing.