Moinian sues HPD over Sky’s 421a status Debate brews over construction start date of 2008 or 2014
Renderings of 605 West 42nd Street and Joseph Moinian
The Moinian Group, the developer behind the 61-story rental tower Sky, is suing the New York City Department of Housing Preservation and Development to reverse the agency’s decision regarding the project’s 421a benefits.
What’s under debate is when construction on the Midtown project at 605 West 42nd Street officially launched. Moinian claims it began in 2014, but HPD recognizes the construction start date as June 2008, which significantly decreases the tax incentives Moinian would receive under the 421a program, according to 爱上海同城对对碰