Councilmember Daniel Garodnick delivers the keynote address of the East Midtown Rezoning panel. Image credit: Manhattan Chamber of Commerce
The Councilmember spoke to early details of what’s next after the Vanderbilt Corridor. On July 16, 2015 City Councilmember Daniel Garodnick delivered the keynote address at the Manhattan Chamber of Commerce’s panel discussion on the East Midtown Rezoning. (See CityLand’s complete video of the event here.)
On Thursday, July 16, 2015, the Center for New York City Law and Center for Real Estate Studies at New York Law School hosted a panel on the East Midtown rezoning. The panel consisted of Dr. Michael Horodniceanu of the MTA, Chris Sameth of Kuafu Properties, Jeffrey Holmes of Woods Bagot Architects, Dirk Hrobsky of DTZ, and was moderated by Manhattan Chamber of Commerce chairman Ken Biberaj. The keynote speaker was City Councilmember Daniel Garodnick.
Michael Gruen, President of the City Club of New York
Juan Rivero, City Club Governing Committee
A disarmingly simple plan for rezoning Manhattan’s office district running from Grand Central Terminal north to about 58th Street has been approved by the Planning Commission and will come to a Council vote around the time of the November election.
It has three key components: 1) The City almost doubles the allowable floor area for new buildings on large sites along the major thoroughfares; 2) it sells to the landowner the right to build the increased space at the estimated market value of development rights (a base price of $250 per square foot); and 3) it applies the proceeds to unspecified transportation and pedestrian circulation improvement projects likely, when selected, to be located at Grand Central. (more…)
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