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 … <Read More>
(Economic) Heart Trouble
More than 30 years after its last major zoning change, the economic heart of New York City merits a checkup. According to City planners, the prognosis for East Midtown is not good: an aging office stock, a congested pedestrian network, global competition, and the lack of new office development threaten to undermine the economic competitiveness of the City. The cure, proposed by the Bloomberg Administration, is a rezoning of 78 blocks of … <Read More>
Zoning is under attack in New York City. Not here or there, in this location or that, but the concept itself. This has been the long game of the city’s real estate interests, and after a decade of raids those interests have launched a full assault on several fronts. The historic city should expect no quarter.
Almost 55 percent of all renter households in New York City now pay more than 30 percent of their income towards housing costs, an increase of 11 percent since 2000. As a consequence, the City Planning Commission found that “many of the city’s neighborhoods are becoming less economically diverse, which poses a threat to the city’s economic competitiveness as well as to the opportunities available to lower-income New Yorkers.”
Mandatory Inclusionary Housing is one of … <Read More>
The results are in, and two of the de Blasio administration’s key land use initiatives, Zoning for Quality and Affordability and Mandatory Inclusionary Housing, are not receiving a welcome reception at community boards and borough boards.
In fact, as of this writing, according to CityLand’s vote tracker of the city’s 59 community boards, 45 have voted to oppose Zoning for Quality and Affordability and 38 have voted to oppose Mandatory Inclusionary Housing. Four of the … <Read More>
At the CityLaw breakfast on August 28, 2015, Carl Weisbrod provided an update on the de Blasio Administration’s housing plan, which Weisbrod described as now in its “toddler” stage. The de Blasio program is the most ambitious of its kind in the country, and the biggest in New York since the Koch Administration. Today, the City is managing the problems of success: continued growth and a shortage of housing. Conversely, in the Koch era, … <Read More>