Get your air rights here: City to charge $625 per sf in West Chelsea

The City Planning Commission on Wednesday unanimously approved selling development rights to property owners in West Chelsea for $625 per square foot, the proceeds of which will go toward building affordable housing in the area. The vote gives developers in the West Chelsea Special District another option to build out their lots, following the downzoning of the neighborhood in 2005. The pricing is higher than the $500 per square foot the commission initially considered. Community […]


Source: Real Estate

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