NYC Council approves Midtown rezoning, paving way for new towers

NYC Council Approves Midtown Rezoning, Paving Way for New Towers. NYC Council Approves Midtown Rezoning, Paving Way for New Towers.. (Bloomberg) — 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.

But the tower. rezoning – a change the local Council member believes could set a precedent for significant growth in the area.” TAX TRICKS-"Midtown tower co-owned by.

Ward and the mayor are working to expand a policy that would require developers to get special permits to build hotels in manufacturing zones, as well as in Midtown East – where City Hall is pushing.

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.

Thomas H. Lee to sell part of its Black Knight investment Nike, in its usual maverick style, had initially tried to slough off the issue. But now, as managers argued over whether to raise the minimum age of workers in those factories from 14 to 18, Nike.

City Council. his highest-profile New York project since that über-luxury tower wrapped construction in 2015.” Read the story here. GRANDSTAND – City group approves new Grand Central pedestrian.

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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.

Bloomberg says his plan, if approved by the City Council. towers have been built, with many more on the way. In July 2013, it was announced that Time Warner may move its Midtown headquarters to a.

Radian takes $131M charge ahead of Clayton Holdings restructuring

 · The Supreme Court decision in Penn Central Transportation Co. vs. City of New York upheld the city’s landmarks law, with the majority insisting the landmarking and denial of permission to build a tower wasn’t a taking because the city provided a way to transfer development rights and did not impede existing uses or prevent a reasonable return.

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After five arduous years, New York City’s Midtown East rezoning proposal cleared city council today, paving the way for new office towers to rise in the neighborhood. The proposal, approved 42-0.