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Land Use, Housing & Zoning

ULURP#050257 ZSM, application submitted by Continental Residential Holdings, LLC, pursuant to Sections 197c and 201 of the New York City Charter for the grant of a special permit pursuant to Sections 13-562 and 74-52 of the Zoning Resolution to allow an a

WHEREAS, The applicant, Continental Residential Holdings, LLC, has provided findings that demonstrate satisfaction of the relevant portions of Article 1, Chapter 3, Sections 13-562, and Section 74-52 of the Zoning Regulations; and

WHEREAS, the following findings support the application for a special permit under Section 74-52 and 13-561:

(a.) The proposed use is compatible with existing land�uses in the immediate neighborhood and the site, i.e., it replaces an existing 20 space parking lot on the site.

(b.) The proposed use will not create or contribute to�serious traffic congestion or inhibit�pedestrian flow.

(c.) The proposed use is to be located so as to draw a vehicular traffic into and through an already commercially developed area with few residential uses.

(d.) The proposal provides for 10 reservoir space at the vehicular entrance.

(e.) The streets providing access to the proposed�project will require only minimal adjustments in traffic light timing and cause only minimal delays in traffic flow based on the EAS and Traffic LOS for the six surrounding intersections.

(f.) The proposed use requires no roof parking.

(g.) The proposed use requires no request for the exemption of floor space from the definition of floor area; therefore be it

RESOLVED, That Community Board Five recommends approval of the application for a special parking permit for an attended parking garage with a maximum capacity of 174 spaces on a portion of the first floor, cellar, and sub-cellar, of a proposed 41-story, mixed-use building located at 325 Fifth Avenue.

The above resolution passed with a vote of 24 in favor, 3 opposed, 1 abstention.

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