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).
It's still unclear how the deluge will affect the
air rights market in the district.
"Here, it appears that the areas of the city where the new owners of Stuy Town can transfer their
air rights is less defined," he said.
A cost-free
air rights expansion of the Javits Center would save billions in construction expenses and give New York City a world class convention center that would attract most of the biggest and best event and maximize revenues and jobs.
would be staying until 2022 when it would have the option to renew and that there were no plans from the buyer to use the
air rights.
Facing public pressure to get something done more than a year after residents approved the tax increase, library officials announced in February that they were moving ahead with a plan that doesn't encroach on the park's
air rights.
By WILSON MANYUIRAbrWhile acres of newspaper pages have been devoted to various topics on matters real estate, not much has been written about
air rights, Mr Michael Munene, a Nyeri-based property valuer, notes.
The ownership and use of
air rights are significant in today's society in the context of view easements, solar access easements, flight path easements, and development rights in the nonnavigable airspace above an owner's land.
Rick's Cabaret International Inc (Nasdaq:RICK), an operator of upscale adult nightclubs, announced on Thursday the extension of an option by its subsidiary to purchase the property at 50 West 33rd St, New York, until 9 August 2013, while it works out contractual details to sell some of the
air rights it is acquiring to a third party.
According to the revised zoning text, the
Air Rights are transferable to any other property in the Phase II area located between 10th and 11th Avenue from 33rd Street to 42nd Street.
Forest City Enterprises Inc (NYSE: FCEA) (NYSE: FCEB), a US-based reality investment company, has announced that it is completing a sale of land and
air rights in Cleveland, US, to Rock Ohio Caesars Cleveland LLC.
Mao urged domestic airlines to expand their plane fleets actively to accommodate the surge in travelers resulting from the expansion of
air rights last year, including mutual sky opening with Japan, the inauguration of Songshan-Gimpo (South Korea) Airport flight, and increased flights for Hong Kong, as well as increased cross-Strait flights.
