It'll be a while before there's a cherry on this cake. The city's Department of Buildings said it will not approve JDS Development's proposed 1,000-foot tall tower on the Lower East Side until a related lawsuit is resolved. The lawsuit centers on an air rights deal for the 80-story rental development, which Michael Stern's firm plans to build at 247 Cherry Street, also known as 80 Rutgers Slip, near the Manhattan Bridge. To reach its … [more]
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