Church of St. Luke & St. Matthew Transferrable Development Rights Analysis
BJH completed an initial transferrable development rights (TDR) analysis for a large individually landmarked church in Brooklyn. BJH identified potential receiving sites, contacted potential buyers, and negotiated a contract of sale with a developer. BJH briefed the vestry and internal stakeholders and obtained approval for the sale. BJH guided the Church through the Landmarks Preservation Commission (LPC) approval process and the Uniform Land Use Review Process (ULURP) for the associated rezoning that was required to effectuate the TDRs sale. The transaction closed in November 2019.
