The Little Loophole Helping Developers Build Higher Supertall Towers

January 17, 2016 – Media Mention
Crain’s New York Business

Mitch Korbey was quoted in Crain’s New York Business regarding developers creating ultra-tall condominium towers by increasing the height of the buildings’ mechanical spaces and re-allocating living space to higher, more valuable residential floors. Mechanical floors typically include heating, cooling, ventilation, electrical systems and other equipment that make a building function. "Mechanical space simply isn't counted toward zoning floor area," Korbey said, cautioning that the practice still invites city scrutiny. "Mechanical space is closely scrutinized by the Department of Buildings. It must truly function as mechanical equipment."