We just found out that the developer that wanted to build a building on Giles Place has just lost his appeal to the zoning law change.
Here is an excerpt from the transcript:
Petitioner GRA V, LLC (Owner) acquired two adjoining lots
with the intention of developing a seven-story, 63-unit apartment
building in an area that consisted mostly of detached one- and
two-family homes, but was zoned R6, which allows medium density
housing, i.e., buildings up to 12 stories. Residents of the area
opposed the project, claiming that it would “destroy the
character of the … neighborhood,” and a race ensued: the
community sought to obtain a rezoning to prohibit structures of
Owner’s planned magnitude, while Owner endeavored to complete as
much of the construction as possible before any such rezoning.
You can read the whole transcript here: SUPREME COURT, APPELLATE DIVISION, FIRST DEPARTMENT, Decision (Adobe Acrobat Reader Required)