Midtown East: Room to Grow!!!

Is Midtown East slated to grow?  Mayor Bloomberg stated last week: “In the area around Grand Central, we’ll work with the City Council on a package of regulatory changes and incentives that will attract new investment, new companies and new jobs.”  It is not clear what the Mayor’s plans are, but it is clear that there is room for growth in Midtown.  It is likely that the Mayor was alluding to a major rezoning, stretching as far north as Central Park, as the Observer reported.
 
According to a spokesperson for the Department of City Planning, “The new regulations would allow owners to erect larger, modern towers in what officials hope would be an incentive to knock down buildings that no longer draw A-list tenants.”  Chances are, however, if there were to be a rezoning of midtown to allow for more residential mid and high rises, it will likely be over the course of a long period.  Check out the full story here:
 
http://www.observer.com/2012/01/the-mayors-very-big-plans-for-midtown-east/