The Midtown South Mixed-use rezoning plan has received approval for more than 9,500 new homes, with 2,800 being permanently affordable. The area impacted includes neighborhoods around Herald and Greeley Squares, aiming to revitalize local economy by adding light manufacturing, office space, and retail alongside the new residential units. The plan allocates $488 million for community benefits, enhancing resources like parks and public transit. Historically focused on apparel manufacturing, the area seeks to create a vibrant hub for cultural and economic opportunities within the Garment District, vital to the $400 billion fashion industry in the U.S.
The Midtown South Mixed-use rezoning plan introduces over 9,500 new homes with more than 2,800 designated as permanently affordable, addressing housing scarcity.
The plan aims to strengthen Midtown South’s economy by emphasizing light manufacturing, office space, and retail, enhancing job opportunities in the area.
The Garment District is pivotal for the American fashion sector, housing over 180,000 jobs and generating more than $11 billion in wages annually.
Community benefits of the plan include $488 million towards infrastructure improvements in the Garment District, focusing on parks, public transit, and local resources.
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