NEW YORK, Sept. 20, 2018 /PRNewswire-PRWeb/ -- Sanchez & Polovetsky, PLLC, a midtown Manhattan law firm focusing its practice in eminent domain law, is pleased to announce that is has successfully obtained an eminent domain award for its client that is more than 10 times the amount initially offered by a State Agency. The final award constituted a 1000% plus increase over and above the State Agency's original offer.
The firm's client is a fabric dealer whose property was taken in the Atlantic Yards/Pacific Park Barclays Center proceedings.
The Court proceedings, captioned as ATLANTIC WOOL COMPANY, INC. (BLOCK 1128, LOT 4) v. NEW YORK STATE URBAN DEVELOPMENT CORPORATION d/b/a EMPIRE STATE DEVELOPMENT/INDEX NO. 6107/15 (Saitta, J.), were commenced by the Claimant through its attorneys, Sanchez & Polovetsky, PLLC in April of 2015 after Claimant's property was acquired.
After years of motions, depositions, and court appearances, the attorneys at Sanchez & Polovetsky were able to obtain a final settlement of this trade fixture case on the eve of trial. Although the terms of the settlement are confidential, attorneys at the firm have confirmed that the final settlement amount was more than ten (10) times the amount of the initial eminent domain award offered to its client by Empire State Development, a New York State Agency.
"As more fully described in the New York Times Article written about this case years ago, the owner's father, who started the business in 1954, was a Holocaust survivor. Very often our client, the owner, would reminisce and say how it felt like the government was coming to take properties in an unfair way. Luckily, we were able to obtain a favorable award in this proceeding, as well as having increased the eminent domain award for the actual building on his behalf in prior and separate court proceedings," says Jennifer Polovetsky, a partner at Sanchez & Polovetsky.
"It is important that every size business, both large and small, understands that they can have a successful outcome from eminent domain proceedings. They do not have to lose their business, and in fact, it can be an opportunity for a fresh start," says Philip Sanchez, a partner at Sanchez & Polovetsky.
ABOUT SANCHEZ & POLOVETSKY, PLLC
Sanchez & Polovetsky, PLLC is a midtown Manhattan based law firm, with offices at The Commerce Building, which focuses its practice in eminent domain law. The attorneys at the firm have over three (3) decades of combined legal experience in both the public and private sectors. Jennifer Polovetsky, Esq., who started her career as an attorney at the New York City Law Department in 2000 before entering private practice in 2003, is the firm's founding Member and a seasoned litigator with extensive experience in all aspects of Eminent Domain Law and Real Estate Law. Philip A. Sanchez, Esq., who became a Member of the firm in 2012, is in his eighteenth year of practice, having obtained his legal experience in both the public and private sectors, with a focus on Eminent Domain Law.
SOURCE Sanchez & Polovetsky, PLLC
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