Tall & Urban News

A developer will get to build a taller skyscraper in exchange for constructing elevators at a Midtown subway station, officials announced Tuesday, 7 December, 2021 making it the first company to take advantage of a newly passed city rule.

Sedesco, a real estate developer based in Turkey, will build two elevators at the F train stop at 57th Street and Sixth Avenue—a station that is currently inaccessible for people with disabilities.

In return, Sedesco will be able to add up to 20 percent more square footage to the 335-meter-tall (1,100-foot-tall) skyscraper it plans to build at 41 West 57th Street, part of the "Billionaire's Row."

The deal was made possible by Zoning for Accessibility, a new rule approved by the New York City Council in October that permits the city to offer square-footage bonuses to developers if the companies pledge to fund accessibility work or other improvements at nearby transit stations.

For more on this story, go to Patch.