Nearly 40 percent of New York City land was rezoned during the Bloomberg administration, drastically altering New York City’s industrial base, once a bedrock of commerce in the city. [more]
Posts Tagged ‘Rezoning’
The city’s Department of City Planning is hoping that a 530-block rezoning will help preserve the climate of residential areas of Ozone Park, in southwestern Queens.
A proposal by the agency intends to prevent high-density buildings from replacing two-family homes. Commercial development would also be limited in residential areas. But, in the shopping section of the neighborhood, zoning would offer incentives for commercial and mixed-use developments. [more]
Residents are largely in favor of the city’s recently-proposed plan to rezone 127 blocks of East Elmhurst in Queens, with the hope it will maintain the area’s residential character while boosting commercial development, the Wall Street Journal reported.
Community Board 3 and Community Board 4, which are both in the proposal area, approved the change — the first since 1961 — last month. [more]
As Amanda Burden’s decade-plus reign as planning commissioner begins to wind down, New York’s real estate watchers are already looking ahead to her potential successors, Crain’s reported.
Early successors include two ex-city planners: Vishaan Chakrabarti; Columbia University’s Center for Urban Real Estate director and a SHoP Architects partner; and Regina Myer, president of Brooklyn Bridge Park. Another hopeful is Anna Levin, a City Planning Commission member and former community board chairwoman. [more]
Toll Brothers has picked up a two-story West Soho parking garage, primed for redevelopment as a residential building, for $56.5 million, marking the second of two prospective condominium sites the national homebuilder picked up at the end of the year, sources told The Real Deal. [more]