In early July, Terreform was approached by a representative of Manhattan CB2 for its opinion about the proposed development at 550 Washington Street and the facilitating transfer of air rights from Pier 40. Our initial response is attached as an appendix to this document. After further discussion, Terreform was asked to elaborate its recommendations in physical form and this document reflects both Terreform’s own analysis and the recommendations in the Final
Resolution of CB2, in which Terreform’s consultation is invited. While the two are not completely aligned in detail and scope, we believe that they are entirely consistent in spirit.