NYC Council approves Midtown rezoning, paving way for new towers

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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. The proposal, recommended last month by council subcommittees, was approved Wednesday by a 42-0 vote.

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Purpose and Need. The rezoning area is currently zoned C5-2 and is outside of the Special Midtown District. The proposed action would replace the C5-2 district with a C5-3 district, and would extend the Special Midtown district to cover the area. This area would also be included in the new, proposed East Midtown Subdistrict.

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NYC council approves midtown Rezoning, Paving Way for New Towers Real Estate Investing mexico real estate , puerto vallarta real estate , real estate investing , retirement , vacation home With the changes, about 6.5 million square feet (604,000 square meters) of new offices could be built in the area, which is anchored by Grand Central Terminal.

Yet a crowd packed the lobby of the Museum of the City of New York last night to hear a discussion of the rezoning of East Midtown. Council member Dan Gardonick, and Municipal Art Society executive.

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