POPs at 200 Water Street
The final sentence sums it up very well "As it stands, owners on Water Street already get to profit off of the bonus floor area created by POPS; they will now collect rents on the new storefronts, too. For that, Goldstein said, “The developer is getting a lot and the public is getting less.”
This was adopted BUT NOT for the Seaport???
In 2018, amidst growing concerns, Mayor de Blasio asked the Department of City Planning (DCP) to examine excessive voids used to raise residential tower heights in predominantly residential areas:
Overriding the 120 ft height limit would set a terrible precedent, both in terms of what it would bode for future development requests in this protected area, and for undermining hard-fought for protections that can be dismissed when public assets become bargaining chips set against one another.
According to the plans, 250 Water Street will rise 89 stories with 1,038,950 square feet divided between commercial, hotel, and residential components. The ground level will have 47,820 square feet of commercial space and the second through fifth floors will have a cumulative 179,370 square feet of commercial space.
The hotel will span 156,800 square feet across the seventh through 22nd stories. Residential space takes up 608,630 square feet from the 24th through the 87th floor. Mechanicals will occupy 46,330 square feet on the sixth, 23rd, 88th and 89th floors.
There has been much speculation about whether the full-block development could reach super-tall status with the transfer of 700,000 square feet in air rights, which would make it the tallest structure in Lower Manhattan, after One and Three World Trade Center, with diagrams indicating a total height just shy of 1,052 feet.