Project Description
Madison 45 Broad Development LLC (the Applicant) is requesting approval of a special permit from the City Planning Commission (CPC), pursuant to the New York City Zoning Resolution (ZR) §91-251 of the Special Lower Manhattan District (LM), Article IX, Chapter 1, for a floor area bonus in exchange for subway improvements (ZR §74-634) (the Proposed Action). The Proposed Action would permit additional floor area on a single zoning lot at 45 Broad Street (Block 25, Tax Lots 7 and 10) in the Financial District of the Borough of Manhattan, Community District 1 (the Project Site). Approval of the Proposed Action (a special ermit for a Floor Area Ratio (FAR) bonus up to 3.00) would facilitate a 1,115-foot (80-floor), approximately 478,209-gross-square-foot (gsf) commercial/residential building on Lot 7 (the Development Site) at an FAR of 14.05; the existing 93,894-gsf, 3.95-FAR, community facility building (the Existing Building) on Lot 10 ould remain as is. The total development on the Project Site would include approximately 572,103 gsf of commercial, residential, and community facility space built at a total FAR of 17.99. The proposed subway improvements at the Broad Street Station of the Nassau Street (J/Z) subway line would consist of the installation of two Americans with Disabilities Act (ADA) compliant elevators that would provide access to the southbound and northbound subway platforms, and improvements to the ingress and egress at two control areas at the connecting Wall Street Station of the Lexington Avenue (4/5) subway line. The Project Site is in the Wall Street Historic District and is classified a Type I Action under SEQRA.