A Floating Highrise? NYC Developers Plan to Build Above an Existing Building — The New York Times

By Jennifer Hunter

A rendering of the proposed new construction at 711 West End Avenue

Rent control laws have always been a thorn in the side of real estate developers who want to replace old, occupied buildings with new construction. So rather than fight that tired fight, Paul Boardman recently proposed a new idea: build above an existing residential building. That’s right. Not on top by adding new floors, but actually above it, never touching the original structure at all. This could really happen in NYC and soon.

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Source:: http://feeds.apartmenttherapy.com/~r/apartmenttherapy/main/~3/X9fEOEFGigY/a-floating-highrise-nyc-developers-plan-to-build-above-an-existing-building-222748

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