This office lease form describes provisions for using the area with respect to each office floor, mean the area within the exterior walls of the Building and, in the case of the lobby floor, the area within the demising walls of areas rented or to be rented which is considered floor area .
Alaska Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers: The Alaska Provision in Midtown Manhattan, New York City, refers to the usage of the floor area as a standardized measurement for modern office towers within the region. This provision is crucial for managing and regulating the construction, zoning, and overall development of commercial buildings in Midtown Manhattan. Floor area, also known as the gross floor area (GFA), provides a comprehensive metric that determines the size and capacity of a building by considering all levels and areas within its boundaries. The implementation of this provision ensures consistency and accuracy when evaluating the scale and density of modern office towers in Midtown Manhattan. By utilizing the floor area as the standardized measurement standard, the Alaska Provision enforces equitable development guidelines, enabling the city authorities to efficiently control the physical growth of Midtown Manhattan's commercial district. It facilitates the creation of sustainable and efficient office spaces while ensuring that the skyline and urban landscape maintain their architectural integrity. Due to the diverse nature of the commercial real estate market in Midtown Manhattan, there are different types of Alaska Provision Using Floor Area as the Measurement Standard for modern office towers. Some of these types include: 1. Height-restricted Floor Area Provision: This type of provision limits the total floor area of an office tower based on its height. It aims to control the overall scale and massing of the building, considering the surrounding infrastructure, street grid, and the neighboring properties' sight lines. 2. Density-Driven Floor Area Provision: This provision focuses on determining the floor area of an office tower based on the density of the surrounding area. It considers factors like available transportation infrastructure, pedestrian flow, and access to amenities. This type ensures that development occurs in harmony with the urban fabric and does not overwhelm the existing resources. 3. Sustainable Floor Area Provision: Building on the principles of sustainability, this provision incentivizes developers to incorporate environmentally friendly features into their office towers. It grants additional floor area allowances for incorporating sustainable practices such as energy-efficient design, green roofs, renewable energy systems, and advanced wastewater treatment. 4. Historic Preservation Floor Area Provision: In areas where historical buildings or landmarks exist, this provision regulates the floor area of modern office towers to ensure their integration with the surrounding heritage structures. It encourages developers to preserve and respect the architectural character of the neighborhood. Overall, the Alaska Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers plays a vital role in maintaining a balance between economic growth and urban livability. It allows for responsible development that enhances the skyline while addressing sustainability, density, height, and historical considerations in Midtown Manhattan's commercial district.
