The New York City Council voted to rezone about 78 blocks of east midtown manhattan, enabling an aging building stock to be replaced by newer, larger and taller office towers.
Get ready for a ton of new office space (maybe): City Council greenlights rezoning of Midtown East The City Council on Wednesday cleared the way for 6.5 million square feet of new office space to rise in Midtown East. The council.
Median home affordability an issue in nearly 70% of markets Nearly half of Chicago adults (48%) and 40% of adults living in Chicago’s suburbs report that they spend more than 30% of their income on housing-far more than the 31% of all U.S. adults who report paying such a high percentage of their income for housing, according to MacArthur’s 2016 How Housing Matters Survey.
Yesterday New York City Council approved the hudson square rezoning, which entails raising the allowable building height to pave the way for more residential and mixed-use development. The city.
Get ready for a ton of new office space (maybe): City Council greenlights rezoning of Midtown East. The City Council on Wednesday cleared the way for 6.5 million square feet of new office space to rise in Midtown East. The council approved rezoning more than 70 blocks in the district, allowing developers to build to a higher floor area ratio (FAR).
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Mandatory Inclusionary Housing (MIH) also illustrates the unwritten code in New York City that the full council body usually. when it came to the rezoning of Vanderbilt Avenue from East 42nd to.
The New York City Council’s zoning subcommittee on Thursday approved an ordinance that would rezone 78 blocks between East 39th and East 57th streets to allow for bigger and taller buildings.
DCP is proposing a zoning text amendment and map change for the Greater East Midtown neighborhood. The proposal would permit higher as-of-right densities for new state-of-the-art office building construction in order to ensure that East Midtown remains a highly competitive business district. New development would facilitate public realm improvements and the preservation of area landmarks
Existing-home sales fall to three-year low, miss estimates Sales of previously owned homes fell to the slowest pace in more than three years, falling short of estimates and indicating that the housing market remained in a slowdown as the year ended. contract closings decreased 6.4% from the prior month to an annual rate of 4.99 million in December, the National Association of Realtors said Tuesday. The median sales price rose 2.9% from a year earlier, the least since February 2012, to $253,600, while inventory increased.
New York City has undertaken a number of significant rezoning efforts in recent years. The latest change received City Council approval on August 9, 2017, the rezoning of a section of Midtown Manhattan known as East Midtown.The amendment of the Zoning Resolution of the City of New York is intended to encourage development in a major business center.
· Daniel Garodnick, a former city councilman who played a key role in the city’s rezoning of East Midtown for taller towers, was taken aback by Mr. Macklowe’s plan. “This project goes way beyond what is allowed to be built,” Mr. Garodnick said, “and it needs to.