It’s been an exciting week in eminent domain news at Sanchez & Polovetsky PLLC. Several days ago we were able to announce that the firm settled an eminent domain case for almost triple the amount of the initial offer made to its client by the City of New York. The property was taken in connection with the Archer Avenue Station extension and redevelopment project.
Sanchez & Polovetsky’s client is the former owner of a building in Jamaica, Queens (near the Archer Avenue Station Plaza). Of course it is gratifying to settle a case, but we also feel a great sense of pride when we get to help a property owner in this way.
In this case, much was accomplished. First, although the terms of the settlement are confidential, we can confirm that the settlement was in an amount that was approximately 2.5 times the initial eminent domain award offered to the client (almost triple with interest). Secondly, court proceedings took approximately 4.5 years, which meant that a long and drawn out trial of the matter (which attorneys at the firm have confirmed was looming), was avoided. Thirdly, Sanchez & Polovetsky was able to obtain considerable amounts of money for their client, while saving the client the substantial time and the money associated with eminent domain trials.
Here’s a bit of background about the area. In 2015, the post office on Archer Avenue in downtown Jamaica moved three blocks away in order to make room for the city’s plan to redevelop the area near the AirTrain Station. The project widened Archer Avenue and created broader sidewalks and new turning lanes for buses. It also created pedestrian plazas near the AirTrain hub. The City acquired privately owned property along Archer Avenue in connection with the project.
Just in case you didn’t know, the AirTrain connects with MTA New York City Transit subways, more than a dozen buses, and the Long Island Rail Road. For people who don’t want to spend the money on a taxi or Uber, the mass transit option provides a low-cost way to travel to major destinations in NYC and New Jersey.
The general idea of the plan is to rejuvenate the area with new hotels, stores and apartments. Some of which is already in full swing. The hope is that some travelers, on their way to and from JFK Airport might want to make a stop to the area and stay a while.
We are thrilled to be a part of this exciting transformation!