Midtown East

City starts land use review on Midtown East rezoning proposal Plans will make their way through ULURP

Midtown east and Carl Weisbrod,

Plans to rezone Midtown East are one step closer to becoming a reality after the city kick-started a lengthy land-use review process on Tuesday.

The Department of City Planning certified a proposal to rezone Midtown East, meaning the plans will now make their way through the Uniform Land Use Review Procedure, department officials announced on Tuesday. As part of the ULURP, the proposal — which could add 6.5 million square feet of commercial space to the neighborhood — will be reviewed by community boards 5 and 6, the Manhattan borough president, the City Planning Commission and the City Council. The process is expected to take seven months.

City Plannin阿拉爱上海同城

g released its rezoning proposal in August, identifying 16 sites where 6.5 million square feet of office space could be added if the area is rezoned. Building owners would be able to either buy from a pool of 3.6 million square feet of landmarked air rights to beef up their square foota上海千花网交友

ge or — if within a specific transit improvement zone — contribute directly to specific infrastructure projects to benefit from the rezoning.  The city proposed to take a 20 percent cut of air rights sales, which will be dedicated to publ爱上海

ic improvements. The air rights also have a floor price of $78.60 per square foot. — 上海夜网

Kathryn Brenzel

Tags: Midtown East Rezoning
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy新上海贵族宝贝论坛


Leave a Reply

Your email address will not be published. Required fields are marked *