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Midtown TDR Ventures LLC et al v. City Of New York , et al
Case Number:
1:15-cv-07647
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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August 10, 2016
SL Green Settles Air Rights Row With Grand Central Owner
SL Green Realty Corp. said Wednesday that it has settled a $1.5 billion lawsuit filed by the owners of New York City's Grand Central Terminal over allegations the landlord lost the right to profit from air rights sales when the city rezoned the site of the developer's One Vanderbilt project.
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September 29, 2015
NYC, One Vanderbilt Developer Hit With $1.5B Air Rights Suit
The owners of New York City's Grand Central Terminal fired off a $1.5 billion suit Monday alleging they were robbed of the right to profit from air rights sales when the city rezoned the site of developer SL Green's One Vanderbilt project.