Since Mayor Bloomberg’s plan to rezone midtown east was first announced, it has stirred debate among local stakeholders, preservationists, and advocacy groups. Now Department of City Planning has offered up a set of new amendments—in the “A Text” section of the proposal—that responds to some of these key concerns expressed by New Yorkers while also serving the primary goal of the rezoning: To support and boost the growth of midtown’s competitive office district.
The most notable change is an added residential component. In the initial proposal, the zoning incentives were reserved for office, hotel, and retail, but now DCP will allow up to 20 percent of a new development’s floor area to be occupied by residential as-of-right. A developer can bump up the percentage of residential up to 40 percent by undergoing the full Uniform Land Use Review Procedure (ULURP). The same rules still apply to these mixed-use developments—in order to attain extra building height, developers are required to contribute to the District Improvement Fund. The exact rate for the contribution for residential will be set by a different criteria from that of commercial use.
Hotels in new developments would also be limited to 20 percent of the floor area as-of-right. Through the ULURP process developers could turn the remainder of the building into a hotel. This rule wouldn’t apply to existing hotels, however, which could be rebuilt fully on the site.
Some of New York City’s critical historic landmarks—such St. Patrick’s cathedral, St. Bartholomew’s Church Central Synagogue, and Lever House—will also benefit from these amendment changes. The DCP has recommended establishing a Northern Landmark Transfer Area that would extend from 48th and 49th streets to 57th Street, and from Third Avenue to Fifth Avenue. Modeled after the Grand Central Subarea, this new district would allow landmarks to transfer unused air rights to adjacent sites.
With this amended proposal, new rooftop restaurants or gardens could crop up around the area. One modification would alter the “stacking rules” to allow for top floors of mixed-use buildings to be activated by commercial use.