Sentences with phrase «unused air rights»
With land in Manhattan hard to come by, developers have grown accustomed to combining lots and tapping unused air rights in order to construct high - rise towers.
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They can acquire air rights primarily from two sources: the unused development rights of the many landmarked buildings in the area, or by contributing to a fund to pay for mass - transit improvements at Grand Central Terminal and other subway stations affected by the anticipated higher densities.