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NYC Council approves Midtown rezoning, paving way for new towers

Gamma is excavating for a planned 799-foot condominium tower. 18, paving the way for a possible approval by the city council in November, said Ben Kallos, a councilman who is one of the applicants.

The New York City Council on Wednesday approved the first supertall to be constructed under the Midtown East rezoning. JPMorgan Chase will build a new 70-story headquarters at the site of its.

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.

NYC Council approves Midtown rezoning, paving way for new towers. John lacy. contents forecast existing home sales nyc council approves midtown York news delivered straight Larger office towers Greater east midtown neighborhood surrounding People on the move: nov. 3 november 3 (eastern Orthodox.

For decades, the New York City skyline was dominated. who played a key role in the city’s rezoning of East Midtown for taller towers, was taken aback by Mr. Macklowe’s plan. “This project goes way.

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.

Manhattan homebuyers make fewest first-quarter deals since 2009 Brooklyn may claim the popularity contest, but Manhattan’s still home to the city’s highest earners. That’s the upshot from a Bloomberg analysis of household earnings by zip code, which showed five of the top 20 areas with the highest adjusted gross income in the Northeast in Manhattan. None.CMBS office loans could be tougher to pay off on time as supply grows Last year, Amazon.com Inc raised its minimum wage to $15 an hour after facing criticism over poor pay and working conditions. The online retailer said at the time that it would lobby. California’s.Mortgage interest rates push higher on market volatility Rates are now up almost 35 basis points over the past month – about half the magnitude of the increase in mortgage rates that markets saw in the month after the 2016 U.S. presidential election. The increase in mortgage rates was driven by the combination of financial market volatility, employment and wage growth data – further evidence of a strong U.S. labor market and stronger global economic growth.

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.

Real Estate Inwood rezoning approved by City Council despite protests over neighborhood’s future. The plan paves the way for larger residential buildings and includes hundreds of millions in.

TODAY IN REAL ESTATE – The City Council. New York City’s bureaucracy. Gamma is excavating for a planned 799-foot (244-meter) condominium tower near the corner of Sutton Place, and is racing to.

NYC Council approves Midtown rezoning, paving way for new towers 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.