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View the Presentation Greater East Midtown Proposal City Council Public Hearing June 20, 2017 A Premier Business District with Long-term Challenges outdated floorplates Pre-1961 Building Rezoning Boundary More than 60 million square feet !N !Q !R of office space. !Q !R Fifth Madison Park Lexington Third Second Approximately 250,000 workers. 57th !4 !N !5 Home to some of the city’s most !6 iconic office buildings, landmarks, narrow sidewalks and civic spaces. !E !M 53rd Regional transit hub. Investment in significant transit !2 infrastructure including East Side 47th Access and Second Avenue subway. !3 long queues !B !1 !D Long-term Challenges !F !M • Outdated building stock • Limited new development 42nd !S !7 • Current zoning • Pedestrian + transit network 39th Page | 2 Greater East Midtown Proposal Recent City Initiatives 2013 | East Midtown rezoning proposal City withdrew proposal prior to a vote by City Council in order to address comments. 2015 | Vanderbilt Corridor rezoning approved Permits developments to achieve higher densities in exchange for making transit improvements and/or via development rights from nearby landmarks. 2015 | East Midtown Steering Committee Consensus-driven, stakeholder process that laid the foundation for the current Greater East Midtown rezoning proposal. Top | View south, rendering of Midtown skyline with One Vanderbilt. Bottom | View west, rendering of One Vanderbilt building and plaza. Images | Kohn Pedersen Fox Associates Page | 3 Greater East Midtown Proposal Individual Landmarks + Historic Districts 60th St Previously Designated Recently Designated 59th St 58th St 58th St Fifth Madison Park Lexington Third Second 57th St 57th St 56th St 56th St 55th St 55th St 54th St 54th St 53rdSt 53rdSt 52nd St 52nd St Minnie E. Young Martin Erdmann 18 East 41st Street Hampton Shops Yale Club Pershing Square 51st St 51st St Residence Residence Building Building 50th St 50th St 49th St 49th St 48th St 48th St 47th St 47th St 46th St 46th St 45th St 45th St 44th St 44th St Vanderbilt Ave Vanderbilt 43rd St 42nd St 41st St Graybar Building 400 Madison Shelton Hotel Beverly Hotel Hotel Lexington 601 Lexington Avenue and St. Peter’s Church 40th St 40th St Fifth Ave Fifth Madison Ave Ave Park Third Ave Third 39th St 39th St Ave Second Lexington Ave Lexington Page | 4 Greater East Midtown Proposal Zoning Proposal Proposed Boundary 60th St 59th St 58th St 58th St Fifth Madison Park Lexington Third Second One + Two Family Residence 57th St 57th St 56th St 56th St Subdistrict boundary is informed Multi-Family Residence (walkup) by current land use and built 55th St 55th St Multi-Family Residence (elevator) fabric. 54th St 54th St Mixed Residential + Commercial 53rdSt 53rdSt 52nd St 52nd St Predominately commercial areas Commercial 51st St 51st St included. Industrial 50th St 50th St Transportation + Utility 49th St 49th St Public Facilities + Institutions Mixed residential-commercial areas not 48th St 48th St included. Open Space 47th St 47th St Parking 46th St 46th St 45th St 45th St Residential districts east of Third Ave Vacant 44th St 44th St Vanderbilt Ave Vanderbilt not included. Subdistrict Boundary 43rd St Vanderbilt Corridor 42nd St Vanderbilt Corridor remains separate. 41st St 40th St 40th St Fifth Ave Fifth Madison Ave Ave Park Third Ave Third 39th St 39th St Ave Second Lexington Ave Lexington Page | 6 Greater East Midtown Proposal C5-1 C5-1 R10 R8B C1-9 PI 60th St PARK C8-4 R10HPI C2-8 R7-2 R8B59th St R10H C5-2.5 R8 PARK C5-2.5 Proposed Text + Map Amendment 58th St 58th St R8B C5-2.5 C5-2 C5-2.5 Fifth Madison Park Lexington Third Second 57th St 57th St TA R10 56th St 56th St R8 C5-P 55th St 55th St C5-2.5 54th St 54th St Text amendment | Establish the East Midtown C6-6 C5- (15) 53rdSt 53rdSt Subdistrict within the Special Midtown District 2.5 C5- (12) 2.5 C6-6 52nd St 52nd St R8B (MiD), which will supplant the Grand Central (12) (15) 51st St C5-3 51st St C5-2.5 C6- Subdistrict. (15) R8B 4.5 50th St (12) 50th St C5- 49th St 2.5 49th St Map amendment | Rezone Block 1316. (12) MiD C1-9 48th St 48th St 47th St 47th St R10 PARK (10) 46th St 46th St C6-4.5 45th St 45th St C5-3 C5- MiD C6-4 TA (10) U 44th St (15) 2.5 44th St Proposed text amendment Ave Vanderbilt (12) U 43rd St Proposed map amendment C5-2 C6-6 (10) PARK 42nd St Zoning District PARK C5- C5- C5- C5- 41st St R10 Special District 2.5 2.5 2.5 2.5 PARK (12) (12) (12) (12) C6-4.5 40th St 40th St Special Midtown District C5-2 Fifth Ave Fifth Madison Ave Ave Park Third Ave Third 39th C1-9St M1-639th St Ave Second R8B R10 Ave Lexington R8B R8B R10 C5-2 R10 TA Page | 7 Greater East Midtown Proposal Text Amendment Density Framework + Qualifying Site Criteria 60th St Proposed Density Map 59th St Increased density based on locational criteria 58th St 58th St Fifth Madison Park Lexington Third Second Near Grand Central Terminal 57th St 57th St 56th St 56th St 18 Near transit hubs along East 51st 55th St 55th St 18 and East 53rd streets 54th St 54th St 23 23 53rdSt 53rdSt Along Park Avenue 25 52nd St 52nd St Along wide streets 51st St 51st St 18 50th St 50th St Site eligibility criteria in order to use 49th St 49th St 48th St 18 48th St proposed framework 21.6 21.6 47th St 47th St 23 • Cleared frontage, a landmarked building, or a 46th St 46th St 23 transit easement required along a wide street 45th St 45th St 44th St 27 21.6 44th St • Commercial floor area minimum of 80% of zoning Ave Vanderbilt 43rd St lot 42nd St • Building must meet or exceed environmental 41st St 21.6 standards 40th St 40th St Fifth Ave Fifth Madison Ave Ave Park Third Ave Third 39th St 39th St Ave Second Lexington Ave Lexington Page | 8 Greater East Midtown Proposal As-of-Right Mechanisms Qualifying sites can achieve maximum as-of-right FAR via three mechanisms: pre-identified transfer of landmark rebuild overbuilt transit improvements development rights floor area Image | Kohn Pedersen Fox Associates Page | 9 Greater East Midtown Proposal As-of-Right Transit Improvement Mechanism Required improvements | Within a Transit Improvement 30.0 Zone, between 10% and 20% of a development’s earned FAR floor area must be generated!N !Q !R through the completion of pre-identified transit improvements. 2.0 !Q !R Fifth Madison Park Lexington Third Second 23.0 57th Lanmar !4 eelopment !N !5 !6 20.0 Rights 4.6 23 23 (20%) !E !M 53rd 2.3 Transit (10%) Improvements 1.0 Base FAR !2 10.0 47th 23 !3 23 !B !1 !D !F .0 !M 27 42nd !S !7 0.0 Eaple 39th Transit Improvement Zone Page | 10 Greater East Midtown Proposal As-of-Right Landmark Transfer Mechanism Would permit district-wide transfer of landmark 30.0 development rights. FAR Continuing maintenance plan for the landmark will be required. 2.0 21.6 Each transfer requires a contribution into the Public Realm Improvement Fund equaling 20% of TDR sale or a 20.0 Lanmar eelopment minimum contribution of $78.60 per square foot. Rights 1.0 Base FAR 10.0 .0 0.0 Eaple Saint Patrick’s Cathedral Page | 11 Greater East Midtown Proposal As-of-Right Overbuilt Floor Area Mechanism Would permit pre-1961 buildings with non-complying floor 30.0 area to demolish and re-build to their overbuilt density. FAR 27.0 Non-complying floor area that is rebuilt would require a 2.0 Lanmar contribution into the Public Realm Improvement eelopment Rights Fund of $78.60 per square foot. 21.6 Lanmar Transit Qualifying sites could utilize the transit improvement 20.0 eelopment Improvements Rights and landmark transfer mechanisms to achieve Oerilt Oerilt maximum permitted FAR. loor Area loor Area 1.0 Base Base FAR FAR 10.0 .0 0.0 tside nside 570 Madison Avenue Page | 12 Greater East Midtown Proposal Additional Subdistrict Regulations Provisions Applicable on Qualifying Sites Discretionary Actions to Modify Qualifying • Environmental standards Site Criteria • Height and setback • Authorization to allow enlargements on • Sidewalk widening qualifying sites • Retail continuity • Special permit to modify qualifying site • Stacking rules provisions Special Permits for Additional Floor Area Additional Modifications Affecting the Subdistrict • Transit improvement special permit • Hotel use • Public concourse special permit Page | 13 Greater East Midtown Proposal Public Realm Improvements Public Realm Improvement Concept Plan Initial public realm improvement concept plan consists of pedestrian realm projects and transit improvements identified by DOT and MTA. Projects in the concept plan can be modified over time to adapt to changing situations and capitalize on future opportunities. Principles and project types are incorporated into the Zoning Resolution. Page | 15 Greater East Midtown Proposal Transit Improvements Pre-identified transit improvements • Improvements categorized according to project Proposed improvements to Lexington line at Grand Central Terminal via One Vanderbilt project scope and public benefit. • Projects completed in conjunction with development that occurs in transit improvement zones. Floor area + project types • Type 1 | 40K sf - new station entrance, ADA access to one level, small scale widening of stair • Type 2 | 80K sf - new escalators, ADA access to multiple levels, numerous widened stairways Image | Kohn Pedersen Fox Associates • Type 3 | 120K sf - significant station overhauls and significant improvements to station capacity Page | 16 Greater East Midtown Proposal Pedestrian Realm Toolkit pedestrian shared thoroughfares plazas streets Rendering of proposed plaza at Pershing Square East Rendering of interim strategy to pilot a shared street treatment Bus bulbout at Seventh Avenue and West 34th Street Page | 17 Greater East Midtown Proposal Public Realm Improvement Fund + Governance The Fund: • Generated through a portion of the landmark development rights sales and the redevelopment of overbuilt floor area.
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