(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)
NEW YORK CITY-The much-contested and much-modified plan to expand New York University’s footprint on its home turf of Greenwich Village won final approval Wednesday afternoon, as the City Council voted 44 to 1 in favor of the rezoning necessary for the expansion. The rezoning approved by the Council will allow the construction of four buildings adding a total of 1.9 million square feet of classroom and student housing space. It's part of a larger expansion plan that would add about six million square feet citywide.
According to published reports, Council Speaker Christine Quinn said the university’s scaled-down proposal was “significantly” different from the scenario presented this past January. “It’s about 26% smaller, 26% less dense and less tall than the original plan, as well as many other changes,” Quinn said prior to Wednesday’s meeting. The modified plan was OKed last week by a Council committee and subcommittee, leading to Wednesday’s vote by the full complement of Council Members.
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