During his past term, he approved a sweeping rezoning to allow a mixed. floated an idea to tidy up the messy way development projects are determined in New York City politics: Rather than the.
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).
City Council unanimously approves Midtown East rezoning plan. After five years, the city council approved a rezoning for Manhattan’s Midtown East on Wednesday, by a 42-0 vote. The proposal will rezone roughly 78 blocks, running from East 39th Street to East 57th Street and from Third Avenue to Madison Avenue, clearing the way for 6.5 million.
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“The way you do that is by structuring contractual. the community and the city have supported rezoning the area for residential development. The New York City Council approved the mini-master plan.
City Comptroller Scott Stringer on Thursday said he has no intention of following Cuomo’s April 2 executive order, which requires him to name an independent monitor to oversee the New York City..
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· Mark Levine must not be aware of One Vanderbilt, the proposed building coming to 42nd Street and Vanderbilt Avenue, which was allowed to be built as an early taste of the eventual Midtown East rezoning. The new supertall tower will most certainly cast fresh shadows, and in fact, an impact study conducted by the city shows One Vanderbilt’s shadows covering half of Bryant Park during.
CMBS delinquency rates improve, except for retail property loans SoFi’s loan losses pile up as even wealthy borrowers default Ellie Mae’s new Encompass release emphasizes HMDA, digital mortgages Ellie Mae Announces New Major Releases of Encompass Digital Mortgage Solution Releases Drive Quality, Compliance and Efficiency for Encompass and Encompass TPO Connect April 16, 2018 09:00 AM.Again, these borrowers cannot move without paying into their homes and are 10 times more likely to default on their home loans than those who have even a small amount of equity. Ironically, the negative equity on the low end of the market is fueling overheated price growth across even.
Next week the local community board is set to vote on a community-backed proposal to slice the height of the tower from 799 feet to between 210 and 260 feet. Read the story here. story continued Below.
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.