The New York City Department of Planning (DCP) has announced a new housing plan for Midtown South that would result in the development of approximately 10,000 apartments across 42 blocks. This is a significant increase from the original proposal, which only included 4,000 units. Of these new apartments, 2,800 will be permanently income-restricted.
According to DCP Director Dan Garodnick, this increase in housing is made possible by recent changes to zoning laws that removed the previous cap on floor area ratios (FARs). The plan includes new high-density residential zones with FARs of up to 18.
“This updated proposal reflects our commitment to providing more affordable and diverse housing options for New Yorkers,” said Garodnick.
The DCP aims to submit this plan for public review by early next year. It hopes that these changes will not only address the urgent need for more homes but also create a vibrant mix of commercial and manufacturing spaces alongside residential areas in Midtown South.
