NYC Council approves Midtown rezoning, paving way for new towers

The project, as approved by the City Planning Commission, would reserve at least 20 percent of its 1,700 units as “affordable” housing, with the possibility of as much as 30 percent getting that.

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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New filings spotted by New York YIMBY confirm that Extell’s Nordstrom Tower won’t only be the tallest building by roof height in New York City, but also the tallest building by roof height in the. Nordstrom.

In a unanimous verdict, the New York City Council approved the rezoning of Midtown East to usher in a new era of modern office development along an approximately 78-block stretch.

Fannie markets more than $3 billion in distressed loans The two companies have drawn $187.5 billion from Treasury and have sent back more than $60. protected report, Fannie Mae has been benefiting from "the housing market’s turnaround and sustained.

N.Y. City Council approves Midtown East rezoning. New York’s City Council unanimously approved a rezoning plan for the Greater East Midtown neighborhood surrounding grand central terminal.

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. John lacy. contents forecast existing home sales Nyc council approves midtown York news delivered straight Larger office towers Greater east midtown neighborhood surrounding People on the move: Nov. 3 November 3 (Eastern Orthodox.

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City Council Unanimously Approves East Midtown Rezoning. New York City Council approved the East Midtown rezoning plan by a 42-0 margin at its session on Wednesday.. pave the way for a new. The rezoning of Midtown East to allow for larger office towers and public infrastructure improvements was approved by a City Council subcommittee on Thursday, Crain’s first reported, paving the.

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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.