So the way it works in NY IIRC, you can get an approval and not actually act on it, and the reason you can do this is because the approval can be sold with the

So the way it works in NY IIRC, you can get an approval and not actually act on it, and the reason you can do this is because the approval can be sold with the property, which isn't an uncommon thing. NYC does not track construction starts like that, or at least not when that article was written