Air Rights Lot Points

<div style='text-align:Left;'><div><div><p style='margin:0 0 0 0;'><span>Air right lots are reflect a party’s right to construct an improvement above an existing area of land that is not owned by the constructor. They are a type of development right in real estate referring to the empty space about a property. These tax lot numbers start at 7000. There are approximately 704 air rights lots. </span></p><p style='margin:0 0 0 0;'><span /></p><p style='margin:0 0 0 0;'><span>Non-contiguous Air Rights Lots numbered in 8000 series can either be District owned Multifamily rental units or Existing Development Mixed (residential and commercial).</span></p><p style='margin:0 0 0 0;'><span /></p><p style='margin:0 0 0 0;'><span>Multifamily 8000 series lots can be proposed development projects that are inclusive of the Mayor’s Office Affordable/Public Housing Initiatives. Additionally, they can either be development sites that are owned by the District and the site is leased to developer. Due to financing and legal requirements, each set of government funded units are required to have separate parcel ID’s (SSL’s). All the units are rentals, none of the units will be for sale.</span></p><p style='margin:0 0 0 0;'><span /></p><p style='margin:0 0 0 0;'><span>Existing Development Mixed Use 8000 series lots are residential owner(s) that own both residential and commercial portions. The Lot split is done to ensure each party pays the appropriate real estate taxes assessed to each specific use. There is a master covenant lease outlining property access-rights-use between residential and commercial owner and lease holders. There is also a master lease related to the commercial space where the residential owner is the lease holder.</span></p></div></div></div>

[
  "geospatial"
]