The future of Soho and Noho is now up to the City Council. The City Planning Commission on Wednesday approved a high-profile proposal to rezone the neighborhoods, largely to allow for more residential and ground-floor retail. The proposal covers 56 blocks in the neighborhoods, largely zoned for manufacturing use — despite the area’s reputation as a prime retail destination. — The Real Deal
In support of the plan, City Planning Commission Chair Anita Laremont said: “The plan significantly advances New York City’s equity and inclusivity goals, helps to address our severe and ongoing housing crisis and serves to speed New York City's economic recovery.”
According to The Gothamist, the rezoning, which aims to address growing housing needs, could see the construction of up to 3,500 new apartments, including as many as 900 subsidized units through New York’s Mandatory Inclusionary Housing requirement. This is the latest rezoning Mayor Bill de Blasio is attempting to push through following the NYC Planning Commission’s approval of the Gowanus rezoning proposal in September.
Concerns surrounding the proposal include fears that the rezoning could lead to too much commercial development and does not provide enough protection for historic districts. Additionally, opponents argue that it could incentivize developers to demolish existing rent-stabilized housing in the area.
The proposal now heads to the city council, which has 50 days to review the rezoning, make changes, and vote on it.
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