Suffolk County and the Town of Brookhaven paid $13.4 million Wednesday to acquire the development rights to 11 farms totaling 300 acres, ensuring that the property will remain farmland and not be sold to developers.
The transfer program, now being devised by the county planning department, would allow builders to acquire the development rights from the county and redeem them in areas without sewers for greater housing density than would otherwise be allowed by the county's sanitary code.
The biggest chunk of waterfront, 20 acres at the foot of Newtown Creek, is being developed by the Park Tower Group, which in 2005 acquired the development rights to the old Greenpoint Lumber Exchange (lately the setting for the boardwalk scenes in HBO's "Boardwalk Empire").
Since 1995, the state has acquired the development rights to 12 farms, with applications pending from more than 200 farmers.
Walter P. Chrysler acquired the development rights for the site in 1928, and the building was completed in 1930.
In Washington Heights, Quadriad has not yet acquired the development site on the west side of Broadway, which is owned by a funeral home.
The required level of 35% had been agreed with the previous owner of the site, but when Knight Dragon acquired the development in 2012 it negotiated its obligations down.
Earlier this month, The Financial Times Group, which owns a 50% share of The Economist Group, acquired the development firm that built its own HTML5 web app, a move indicative of publishers' growing interest in HTML5.
The social capital (i.e., relationships) of any interlocking directorate is precisely manifested through its ability to provide useful information for the enterprises; it is an effective means for enterprises to acquire the key development resources (Hillman and Dalziel 2003).
Microsoft announced in February its plans to acquire the cross-platform development platform Xamarin; the deal closed about two weeks ago.
Knowledge can be imparted and experience acquired; the guided development of personality is more difficult.
