That makes sense. Though I think an optimal setup for this particular lot would look more like what the developers of the Harrison did on the UWS and incorporated two buidlings, instead of one large one that wrapped around an existing corner structure.
http://wirednewyork.com/forum/showthread.php?t=10026
The lot would've been better served with a larger building facing Broadway, and a separate one on Reade street that incorporate the lot next to the creamy landmark, as well as LL's hated spaghetti western building.



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