Mayor Michael Bloomberg on Old Midtown Buildings: Knock 'Em Down!

construction.jpg
Just before his term wraps up, Mayor Mike might try to jump start zoning changes in Midtown: He wants developers to replace obsolete buildings near Grand Central Terminal with super-modern skyscrapers.

The Daily News notes that Bloomberg's push would run from East 39th Street to East 59th Street, between Third and Fifth Avenues. Right now, most of the structures in that area max out at 50 floors, except for the 77-storey Chrysler Building.

The proposal could increase building size 20 to 30 percent, reports indicate.

The changes would have to get the OK from the City Council.

Bloomberg has long boosted development in New York. In 2003, he introduced his New Housing Marketplace Plan, billed as a "a multibillion dollar initiative to finance 165,000 units of affordable housing for half a million New Yorkers by the close of the 2014 fiscal year."

The Bloomberg administration isn't talking extensively about the possible changes -- and the News sources business and real estate insiders. An official did tell the paper, however, that the Planning Department is looking over a plan.

We reached out to the Mayor's office for comment. Check back to the Voice for updates.

Follow Victoria Bekiempis @vicbekiempis.


Sponsor Content

My Voice Nation Help
1 comments
Sort: Newest | Oldest

Now Trending

New York Concert Tickets

From the Vault

 

Loading...