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 amendmentsâ€”in the “A Text” section of the proposalâ€”that responds to some of these key concerns expressed by New Yorkers while also serving the primary goal of the rezoning: Â To support and boost the growth of midtown’s competitive office district.
Even though the Midtown East rezoning is still under consideration, SL Green Realty is counting on it becoming a reality. According to Curbed, the developer has tapped architecture firm Kohn Pedersen FoxÂ to design an office tower at 1 Vanderbilt Street located a block from Grand Central Terminal. SL Green needs the rezoning to be approved to move forward with the construction of their 1.55-million-square-foot building. The proposed rezoning would allow for taller buildings to be built if developers make a contribution to a fund called a â€œDistrict Improvement Bonus,â€ which would be used for area-wide pedestrian network improvements.