NYC Council approves Midtown rezoning, paving way for new towers

May 8, 2019, New York, NY: The New York city council today approved jpmorgan’s new headquarters as the first site to utilize the City’s East Midtown Rezoning. City Council member keith powers led negotiations for improvements at the 270 Park Avenue site, which will result in thousands of new construction jobs for New York City and.

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, larger and taller office towers. The proposal, recommended last month by council subcommittees, was approved Wednesday by a 42-0 vote.

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JPMorgan Chase has given a big boost to the old business heart of midtown Manhattan, agreeing a deal to tear down its 60-year-old Park Avenue headquarters and replace it with one of the tallest towers.

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. The rezoning of Midtown East to allow for larger office towers and public infrastructure improvements was approved by a City Council subcommittee on Thursday, Crain’s first reported, paving the.

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.

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Midtown East Rezoning – The Real Deal New York – Get ready for a ton of new office space (maybe): City Council greenlights rezoning of Midtown East The City Council on Wednesday cleared the way for 6.5 million square feet of new office space to rise in Midtown East. The council.

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 · Mark Levine must not be aware of One Vanderbilt, the proposed building coming to 42nd Street and Vanderbilt Avenue, which was allowed to be built as an early taste of the eventual Midtown East rezoning. The new supertall tower will most certainly cast fresh shadows, and in fact, an impact study conducted by the city shows One Vanderbilt’s shadows covering half of Bryant Park during.