NEW YORK CITY-Though it continues to be fraught with controversy, the city is moving ahead with its plan to rezone east Midtown. In a presentation Thursday to the Tri-Board Task Force, the Department of City Planning revealed a modified version of its original proposal, as well as a sooner-than-expected timeline.

DCP is proposing a zoning strategy for 78 blocks of the east Midtown office area, centered around Grand Central Terminal and generally between Fifth and Second/Third avenues, and East 57th and East 39th streets, with Park Avenue at the center. The city's planning arm also unveiled its plan to sell air rights, at $250-per-square-foot, within the rezoned area to promote new commercial development, according to the presentation.


Those transactions would take place through an infrastructure tool known as the district improvement bonus, or DIB. The planning department says it will certify the project in early April, jumpstarting the official six-month public review process required for city projects.

One day before the DCP meeting, the Municipal Art Society issued its own proposal for the rezoning. Expressing concern that the city's proposal would “fall short,” according to an announcement of the plan, MAS says it took four “core principles” into account when creating its plan: reinvigorated public realm, connected midtown, vibrant mix and design for the next century. The plan is available for free download.

“An improved Midtown cannot simply mean larger office buildings; it must mean an improved experience for all New Yorkers, says MAS president Vin Cipolla, in the announcement. MAS doesn't believe the City's proposal as currently outlined gets us there. A plan for Midtown's future must address comprehensively the area's transportation, public realm,preservation and economic challenges.”

Another contingent in support of the rezoning, Midtown21C, also released its report on Wednesday. The 52-page treatise, according to an announcement from the organization,examines the cultural and architectural history of the district and evaluates the buildings targeted for landmark status by local preservation groups, and points out that truly historic and iconic properties worthy of landmark status had typically been designated shortly after they became eligible at 30 years of age." As previously reported, Midtown21C is a coalition of leaders in business, labor, and real estate advocating for the ezoning,

Meanwhile, the Historic Districts Council is concerned that the city's plan will ultimately lead to the tearing down of several iconic buildings. In an effort to save those structures, the Council recently identified 33 “architecturally and historically significant buildings in the area that are “worthy of consideration for landmark status.”

Among these are the Graybar Building, at 420 Lexington Ave., the Yale Club, 50 Vanderbuilt Ave., and the Roosevelt Hotel, 45 E. 45th St., as well as modern structures such as the Philip Morris and Union Carbide buildings, at 118 Park Ave. and 270 Park Ave., respectively, and Citicorp Center, 399 Park Ave. Despite having its detractors, the MetLife Building, at 200 Park Ave., also made the list. The HDC has prepared official requests for evaluation to be submitted to the Landmarks Preservation Commission for each of the 33 buildings it's looking to save.

But if money does indeed talk, it may force the city's hand. DCP envisions about five million new square feet of office space would be created by 2033 through the rezoning, Crain's New York Business reports. Adding to that the sale of private air rights, the department calculates that the city will raise as much as $750 million in DIB funds.

Another presentation to answer further questions about the plan and present remaining details is scheduled to take place this month. But as far as the city is concerned, the rezoning is pretty much set in stone. Says Frank Ruchala, the city planner supervising the rezoning, to Crain's, "In large part, what we've shown is where we think we'll be going with this.”

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.