After 11 years of lawsuits from neighbors and deliberations by city agencies, the Board of Standards and Appeals at last approved a proposed 17-unit development at 330 West 86th Street in April. But community groups saw that as no reason to stop objecting, and the BSA decided to turn over jurisdiction over the project to the Department of Housing Preservation and Development. We won't be waiting another 11 years for this verdict, though, because the owners of the townhouse currently on the site have dropped the plans for the building and put the townhouse on the market. The Journal reports that Darkhorse Development, the company behind the proposed 17-story glass and brick tower, actually gave up on the plans back in April due to lack of financing. Darkhorse gave the building's deed to W Financial, which says it plans to keep the building (right) as a rental. It's also on the market for $6.35 million as a potential single-family conversion. Our advice: bake the neighbors a cake or something before starting construction.
· Developer Wins Battle, Loses War [WSJ]
· 330 West 86th Street coverage