NYC Council approves Midtown rezoning, paving way for new towers

JPMorgan Chase plans to knock down its Midtown. tower constructed in 1908, according to the Council on Tall Buildings and Urban Habitat. It was taken down in 1968 to make way for One Liberty Plaza..

Skyline of East Midtown. Overview. The Department of City Planning is proposing a rezoning of East Midtown, a 73-block area surrounding Grand Central Terminal. The purpose of the rezoning is to ensure the area’s future as a world-class business district and major job generator for New York City.

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The rezoning plan for Manhattan’s Greater East Midtown district is now in effect, after New York City Council’s unanimous approval. The regulations cover 78 blocks and are primarily focused on.

Looking at the current pipeline of development doesn’t by itself reveal what the New York City real estate. Under the proposed rezoning, large areas around Grand Central Terminal could be granted.

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 · The New York City Council’s zoning subcommittee on Thursday approved an ordinance that would rezone 78 blocks between East 39th and East 57th streets to.

Real Estate Inwood rezoning approved by City Council despite protests over neighborhood’s future. The plan paves the way for larger residential buildings and includes hundreds of millions in.

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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.

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Meet the major New York City players at. Lodhi was involved in the Midtown East rezoning, which was approved in 2017 following a five-year process, as well as the rezoning of the Garment District.

A former Real Estate Board of New York chairman, Rob Speyer heads up his. Vanderbilt, a 1,401-foot tower that paved the way for the East Midtown rezoning.. Building and Construction Trades Council of Greater New York.. On its current agenda: approving congestion pricing, funding clean energy,

That means One Vanderbilt, a 1,501-foot-tall office tower slated. If this rezoning proposal is approved, that means future large buildings in the area could win approval without a special OK from.

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