Proposed area for rezoning
The city began the public review process this week for the residential developer-friendly rezoning of a 25-block area of North Tribeca dominated by historic loft buildings, according to the Downtown Express. The area, which extends roughly from Canal and West streets on the north and west to Walker Street and Broadway on the south and east, is currently zoned for manufacturing but has become increasingly residential. The proposal would introduce height limits, allow for residential conversions and encourage affordable housing development through the Inclusionary Housing Program’s financial incentives. It will make its first stop at Community Board 2 for comment before moving on to the office of the Manhattan Borough President, the City Planning Commission and, finally, the City Council. [Downtown Express]