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Permitted developments rights: Any works to enlarge, alter or improve a house must be sympathetic to the existing building.
If the lease could have been terminated, they would have had a clearer shot at acquiring developments rights for a new Coliseum complex and would have also been able to keep all the revenue from concessions, parking and advertising.
Three State Assembly members, Adriano Espaillat, Richard N. Gottfried and Scott M. Stringer, filed a lawsuit in State Supreme Court in Manhattan yesterday, in another legal challenge to the Metropolitan Transportation Authority's March 31 vote to sell the developments rights over its West Side railyards to the Jets to build a football stadium.
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I'm involved in multiple developments right now.
In the mid-1980's the Texas developer Gerald Hines secured development rights at the Philadelphia station.
A developer could then buy additional development rights from the city or from landmarks like Grand Central Terminal itself that have unused development rights.
Developers would be able to buy development rights for the towers from the city and later from the owner of the development rights over Grand Central.
The developers, in turn, would get valuable development rights to build skyscrapers in the surrounding area.
Intended to curtail the transfer of development rights, this rule is despised by developers.
When the MTR develops a new line, they obtain land development rights from the Hong Kong government.
The developers said they paid $23.7 million for the building and the development rights.
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