WPCNR MAIN STREET JOURNAL. June 2, 2006: The Pinnacle Tower developer, Ginsberg Development Corporation, has filed an amended site plan to increase the number of condominium units from 139 to 171, and increase the height of its Tower 66 feet. The amendment was filed May 24, and the Common Council members received it Thursday evening.

The developer asks to pay a fee-in-lieu of for the 2 addtional units of affordable housing they are required to provide with the addtional 32 condo units. The height of the building moves up from 23 stories to 28 stories, plus a copper-clad pinnacled standing 66 feet in height according to Common Council documents, which brings the top of the Pinnacle even with One City Center at 340 feet, and only slightly below the Trump Tower on the Martine side of the City Place.  Cappelli Enterprises which fought The Pinnacle original request for height of 28 stories, did not return a call for comment.

Councilman Arnold Bernstein told WPCNR this afternoon, it was his undersanding that Pinnacle construction costs have "risen exponentially" and the additional 32 units are to offset the estimated increases in costs. A letter detailing the proposal from William S. Null, the Pinnacle attorney also cites "to mitigate increased construction costs," as a factor in the request for the increase. The proposal is being referred out to departments in the Consent Agenda Monday evening.