The City Council Committee on Land Use approved a major rezoning plan to construct over 9,500 homes in Midtown South, advancing toward a full Council vote. The Midtown South Mixed-Use plan will redesignate 42 blocks for housing development, enabling the city to repurpose office spaces. It includes plans for a car-free busway on 34th Street and a $122 million fund for Garment District businesses. The initiative aims to address the housing crisis, promote affordable units, and support the local economy and job preservation.
We're tackling New York's housing crisis head-on by unlocking over 9,500 new homes in one of the most transit-rich, high-opportunity areas of the city helping to bring down rents not just in Midtown, but citywide, Bottcher said in a statement.
This plan is a major step toward a more affordable Manhattan helping to lower rents, keeping New Yorkers close to jobs and transit, and bringing more customers to local businesses, Phares said in a statement.
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