New York City—Representing the East River Fifties Alliance (ERFA), attorney Michael Hiller, will file a lawsuit against both the owner of Sutton 58 (through Sutton 58 Holding Company LLC) and the Board of Standards and Appeals.
Gamma Real Estate, headed by chair and CEO Richard Kalikow and his son, Jonathan Kalikow, the company's president, owns the property. The alliance is fighting their plans to build an 800-foot, luxury residential tower, called Sutton 58, at 428-432 E. 58th St.
Carlo Costanza, executive director of New York City's BSA, tells GlobeSt.com that last week the board voted to approve Gamma's statutory vesting application. The board found the application satisfied all requirements of §11-331 of the New York City Zoning Resolution. That section allows for construction under certain conditions. Thus, the BSA granted approval for the project to proceed.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
