Rival Developer Says It Won't Cooperate With Quadriad High Rise Project

By Nigel Chiwaya on September 16, 2013 9:01am 

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  HAP Investment Developers said Friday that it will not seek rezoning at 4452 Broadway.
Rival Developer Buys Land Eyed for Quadriad Towers
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WASHINGTON HEIGHTS — The developer that scooped up a piece of land central to Quadriad Realty's controversial plan to build skyscrapers in Washington Heights has no intention of collaborating with Quadriad and will propose its own plan for the space, the developer revealed to DNAinfo New York.

HAP Investment Developers pulled the rug out from under Quadriad in April when it purchased 4452 and 4454 Broadway, land that Quadriad was eyeing for two mixed-use towers.

In a statement released Friday afternoon, HAP CEO Eran Polack said the company has its own plans for the property.

“HAP Investments purchased the land at 4452 Broadway in April 2013 and we will be the developer of that site," Polack said. "We have no relationship to Quadriad and will not pursue a rezoning of our site."

Polack added, "Our intention is to develop the site at 4452 Broadway ‘as of right‘ and in accordance with current zoning."

Quadriad had hoped to work out a deal with HAP to move forward with its larger development plan, which would create two towers of 25 to 28 stories next to Gorman Park. The towers would contain 480 units, 194 of which would be marked for affordable housing.

Quadriad's plan has come under fire from Community Board 12, with members arguing the development is too big for the neighborhood and does not include enough affordable housing.

Quadriad had applied to rezone several plots needed for the project — including the 4452 Broadway site that HAP owns — but the Department of City Planning said last week that the project was on hold until Quadriad worked out its land issues with HAP.

"You can't rezone property you don't own," City Planning representative Edwin Marshall told Community Board 12.

Quadriad principal Henry Wollman did not respond to requests for comment.

Wollman previously told DNAinfo New York that the firm would build on the property it does own if he could not strike a deal with HAP.

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