Developer Plans 57-Story Tower at Formerly Contaminated West Side Site
(DNAINFO) Maya Rajamani | August 16, 2017 — A developer who secured an $8 million tax credit for cleaning up a contaminated lot on the West Side plans to build a 57-story tower at the site.
Silverstein Properties last week filed for permits to construct a mixed-use tower on the site of a former Mercedes dealership at 520 W. 41st St., between 10th and 11th avenues, city Department of Buildings records show.
In 2016, Silverstein received $8,028,106 in publicly funded tax credits through the state’s Brownfield Cleanup Program for cleaning up the site, a state Department of Environmental Conservation spokeswoman said on Monday.
The program run by the DEC offers tax credits to developers that clean up toxic sites.
The fourth floor of the building will house a physical culture establishment like a gym or health club, pending Board of Standards and Appeals approval, and the site will include 72 parking spaces, the permit application notes.
The developer didn’t respond to a request for comment about more detailed plans for the project.