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CurbedWire: Jean Nouvel's Hole Gets a Shed, Improper Sliver, Foreclosure Problems for Renters

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CHELSEA?There is significant progress, of a sort on Jean Nouvel's hole. The tipster who sends the construction photo explains, "1 and a half years of watching the building and they finished excavating last week. Today...they built that shed in one day. Progress. Perhaps the units will all be sheds." [CurbedWire Inbox]

GRAMERCY?The tipster who sent the photo here (click to enlarge) believes there's a little bit of a problem with the building pictured: "Doesn't anyone pay attention to the Sliver law??? 316 E 22nd Street is building up 75 feet on a lot only 40 feet wide. The sliver law applies to lots under 45 feet and that limits this build to 60 feet. Is DOB so inefficient they don't know their own rules? Somebody should audit their application and issue a Stop Work Order immediately." [CurbedWire Inbox]

EVERYWHERE?As it turns out, a huge number of foreclosures in New York City last year involved two- to four-family buildings or multi-family dwelling. The Furman Center for Real Estate and Urban Policy reports that almost 60 percent of the 15,000 foreclosure filings fell into that category. About 76,000 people live in buildings that entered foreclosure in 2007 and about 38,000 of them were living in rental units. The majority of renters living in foreclosed buildings are in Brooklyn and Queens. [CurbedWire Inbox]