Crain’s: Midtown rezoning would create 4,000 homes, Adams administration says
March 08, 2024 The Adams administration’s proposal to rezone 42 blocks of Midtown’s outdated industrial zones into mixed-use spaces is set to create around 4,000 new homes, of which up to 1,110 will be income-restricted, aiming to foster a vibrant live-work neighborhood in Midtown South. This move, part of a larger effort to rejuvenate the city post-pandemic, allows for the densest type of housing, blending residential, commercial, and industrial uses to reflect modern urban living and aid in the city’s recovery. The success of this transformation largely hinges on the willingness of local landlords to convert their properties and is complemented by legislative efforts to incentivize such conversions and remove restrictions on residential density. With support from local council members, the plan is poised for approval, signifying a significant shift towards making Midtown a more inclusive and dynamic part of New York City. This rezoning effort represents a critical step in addressing the city’s housing shortage while preserving the area’s historical character and promoting sustainable urban development.