NYC Council approves Midtown rezoning, paving way for new towers

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What specific land use actions will the City Council review? The Charter gives the Council the power to approve, modify, or disapprove certain land use actions contained within the proposal. Here are the land use actions that will be reviewed: zoning text amendment: The new East Midtown Subdistrict is established within the Special Midtown.

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City Council Approves Rezoning for New JP Morgan Chase HQ at 270 Park.. 1950s office building between East 47th and East 48th Streets to make way for a new 70-story commercial tower. Under the terms of the new zoning, Chase will build 10,000 square feet of public open space on Madison Avenue.

East Midtown Rezoning – Department of City Planning. Aging Office Building Stock. The East Midtown rezoning area contains approximately 400 buildings, of which more than 300 were constructed prior to the 1961 zoning, with the average age being 73 years old. As a result, much of the East Midtown’s office building stock has low

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The charge toward remaking Midtown got a little stronger this week as a subcommittee of the New York City Council. a way of keeping existing businesses in Midtown while attracting new residents..

For decades, the New York City skyline was dominated. 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.

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.. NYC Council approves Midtown rezoning, paving way for new towers. NYC Council approves Midtown rezoning, paving.

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 · The Council vote is the final step in the seven-month-long public review process for the new Chase building, which is the first to take advantage of the Midtown East rezoning passed in 2017. “There’s no doubt about it, the Greater East Midtown plan is off to an incredible start,” said Marisa Lago , director of the Department of City Planning , in a statement.

New Law for New Yorkers Facing Eviction, Rezone Greater East Midtown,NYC School Survey 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.