Landmarks wants to save 12 Midtown buildings from rezoning

Yale Club, 601 Lex added to commission's calendar

New York /
May.May 11, 2016 03:06 PM

The Landmarks Preservation Commission launched an effort Tuesday to protect 12 Midtown East buildings that could fall victim to a planned rezoning of the neighborhood.

The properties include five that were already on Landmarks’ calendar, such as the Pershing Square Building at 125 Park Avenue and the Graybar Building at 420 Lexington Avenue.

The remaining seven, including the Yale Club at 50 Vanderbilt Street and the Citigroup Center at 601 Lexington Avenue – which would become the youngest landmarked building in the city – were added to the commission’s to-do list this week.

Landmarking the properties would likely cost landlords, who without city approval would be unable to raze or redevelopment them in favor of bigger and newer buildings as allowed under the proposed Midtown East rezoning, according to Crain’s.

At the same time, the rezoning is also expected to loosen regulations allowing landmarked properties to sell and have the air rights transferred to other sites throughout the district.

The city will hold a hearing July 19 on the five buildings already on its calendar, and expects to deliberate on the seven newly added properties by the end of the year, according to DNAinfo. [Crain’s and https://www.dnainfo.com/new-york/20160510/midtown-east/12-midtown-east-buildings-are-up-for-landmark-consideration-city-says] – Rey Mashayekhi


Related Articles

arrow_forward_ios
The Strand Bookstore and store owner Nancy Bass Wyden (Credit: Getty Images)
Over owner’s protests, city landmarks Strand bookstore
Over owner’s protests, city landmarks Strand bookstore
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
Revamped design for 550 Madison receives Landmarks’ approval
The Top 10 preservation fights of 2018
The Top 10 preservation fights of 2018
The Top 10 preservation fights of 2018
The complaint against the tower includes loss of views for current residents in the neighborhood. (Getty)
Seaport community groups sue to block Howard Hughes’ Water Street tower
Seaport community groups sue to block Howard Hughes’ Water Street tower
The Howard Hughes Corporation CEO David O'Reilly (LinkedIn via David O'Reilly)
Howard Hughes’ (slightly less) big Seaport project approved
Howard Hughes’ (slightly less) big Seaport project approved
A rendering of 250 Water Street, Landmarks Preservation Commission chair Sarah Carroll and Howard Hughes Corporation CEO David O’Reilly (Center for Architecture, The Howard Hughes Corporation/SOM)
Howard Hughes told to further refine Seaport tower proposal
Howard Hughes told to further refine Seaport tower proposal
Howard Hughes Corporation CEO David O’Reilly and 250 Water Street (The Howard Hughes Corporation/SOM)
Critics look down on shorter 250 Water Street
Critics look down on shorter 250 Water Street
Previous rendering of 250 Water Street (left) and a new rendering (right) with Howard Hughes Corporation CEO David O’Reilly (The Howard Hughes Corporation/SOM)
Howard Hughes hopes smaller Seaport project will work this time
Howard Hughes hopes smaller Seaport project will work this time
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...