Crain’s—August 24, 2016—The city published Monday its plan to allow bigger and more modern office towers in midtown east—the first step in the formal rezoning of the neighborhood.
The long-awaited midtown east proposal would allow the tallest buildings to be erected right next to Grand Central Terminal, increasing the current permitted maximum density by about 30%.
“This would be the highest as-of-right density allowance in the east midtown subdistrict, reflecting the [city’s] planning policy of focusing density in areas with excellent access to transit,” wrote the Department of City Planning in documents posted on its website.