Greater East Midtown Proposal City Council Public Hearing June - PowerPoint PPT Presentation

Greater East Midtown Proposal City Council Public Hearing June 20, 2017

A Premier Business District with Long-term Challenges Pre-1961 Building Rezoning Boundary outdated fmoorplates More than 60 million square feet Lexington Madison ! ! ! N Q R of offjce space . Second Third Fifuh Park Approximately 250,000 workers . 57th ! 4 ! Home to some of the city’s most 5 ! 6 iconic offjce buildings, landmarks, narrow sidewalks and civic spaces. 53rd ! ! E M Regional transit hub . I nvestment in signifjcant transit infrastructure including East Side 47th Access and Second Avenue subway. long queues ! ! Long-term Challenges ! ! • Outdated building stock • Limited new development 42nd ! ! S 7 • Current zoning • Pedestrian + transit network 39th Greater East Midtown Proposal Page | 2

Recent City I nitiatives 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 Greater East Midtown Proposal Page | 3

I ndividual Landmarks + Historic Districts Previously Designated Recently Designated 59th St Lexington Madison Second 58th St 58th St Third Fifuh Park 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 Vanderbilt Ave 45th St 45th St 44th St 44th St 43rd St 42nd St 41st St Graybar Building 400 Madison Shelton Hotel Beverly Hotel 601 Lexington Avenue Hotel Lexington and St. Peter’s Church Madison Ave 40th St 40th St Fifuh Ave Park Ave Lexington Ave Third Ave Second Ave 39th St 39th St Greater East Midtown Proposal Page | 4

Zoning Proposal

Proposed Boundary 59th St Lexington Madison Second 58th St 58th St Third Fifuh Park 57th St One + Two Family Residence 57th St Subdistrict boundary is informed 56th St 56th St 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 Predominately commercial areas Commercial 52nd St 52nd St 51st St 51st St included. Industrial 50th St 50th St Transportation + Utility 49th St 49th St Mixed residential-commercial areas not Public Facilities + Institutions 48th St 48th St included. Open Space 47th St 47th St Parking 46th St 46th St Vanderbilt Ave Residential districts east of Third Ave 45th St 45th St Vacant not included. 44th St 44th St Subdistrict Boundary 43rd St Vanderbilt Corridor 42nd St Vanderbilt Corridor remains separate. 41st St Madison Ave 40th St 40th St Fifuh Ave Park Ave Lexington Ave Third Ave Second Ave 39th St 39th St Greater East Midtown Proposal Page | 6

Proposed Text + Map Amendment Madison Fifuh Thir Sec Le P 57th St 57th St R10 TA 56th St 56th St R8 C5-P 55th St 55th St C5-2.5 Text amendment | Establish the East Midtown 54th St 54th St C6-6 C5- (15) Subdistrict within the Special Midtown District 53rdSt 53rdSt 2.5 C5- (12) 2.5 C6-6 (MiD), which will supplant the Grand Central R8B 52nd St 52nd St (15) (12) Subdistrict. C5-3 51st St 51st St C6- C5-2.5 R8B (15) 4.5 50th St 50th St (12) C5- Map amendment | Rezone Block 1316. 49th St 49th St 2.5 MiD (12) C1-9 48th St 48th St 47th St 47th St R10 PARK (10) 46th St 46th St Vanderbilt Ave C6-4.5 MiD TA 45th St 45th St C6-4 C5- U C5-3 (10) 2.5 (15) 44th St 44th St Proposed text amendment U (12) 43rd St Proposed map amendment C5-2 (10) PARK C6-6 42nd St Zoning District PARK C5- C5- C5- C5- R10 41st St Special District 2.5 2.5 2.5 2.5 PARK (12) (12) (12) (12) Madison Ave 40th St 40th St C6-4.5 Fifuh Ave Park Ave Special Midtown District Lexington Ave Third Ave Second Ave C5-2 C1-9 39th St 39th St M1-6 R10 R8B R8B R8B R10 TA Greater East Midtown Proposal Page | 7

Text Amendment Density Framework + Qualifying Site Criteria Proposed Density Map 59th St Lexington I ncreased density based on locational criteria Madison Second 58th St 58th St Third Fifuh Park Near Grand Central Terminal 57th St 57th St 56th St 56th St Near transit hubs along East 51st 18 18 55th St 55th St 18 18 and East 53rd streets 54th St 54th St 23 23 23 Along Park Avenue 53rdSt 53rdSt 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 18 18 proposed framework 48th St 48th St 21.6 21.6 47th St 47th St • Cleared frontage, a landmarked building, or a 23 46th St 46th St 23 transit easement required along a wide street Vanderbilt Ave 45th St 45th St 27 • Commercial fmoor area minimum of 80% of zoning 44th St 21.6 44th St 43rd St lot 42nd St • Building must meet or exceed environmental 41st St 21.6 21.6 standards Madison Ave 40th St 40th St Fifuh Ave Park Ave Lexington Ave Third Ave Second Ave 39th St 39th St Greater East Midtown Proposal Page | 8

As-of-Right Mechanisms Qualifying sites can achieve maximum as-of-right FAR via three mechanisms : pre-identifjed transfer of landmark rebuild overbuilt fmoor area transit improvements development rights Image | Kohn Pedersen Fox Associates Greater East Midtown Proposal Page | 9

As-of-Right Transit I mprovement Mechanism Required improvements | Within a Transit Improvement 30.0 Zone, between 10% and 20% of a development’s earned fmoor area must be generated through the completion of FAR Madison pre-identifjed transit improvements. 25.0 Fifuh Park Thir Sec 23.0 Le 57th Landmark Development ! 4 ! 20.0 5 Rights ! 6 4.6 (20% ) 23 23 53rd 2.3 ! Transit M Improvements (10% ) 15.0 Base FAR 10.0 47th 23 23 5.0 27 42nd ! ! S 7 0.0 Example Transit Improvement Zone 39th Greater East Midtown Proposal Page | 10

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 25.0 required. 21.6 Each transfer requires a contribution into the Public Realm I mprovement Fund equaling 20% of TDR sale or a 20.0 Landmark minimum contribution of $78.60 per square foot. Development Rights 15.0 Base FAR 10.0 5.0 0.0 Example Saint Patrick’s Cathedral Greater East Midtown Proposal Page | 11

As-of-Right Overbuilt Floor Area Mechanism Would permit pre-1961 buildings with non-complying fmoor 30.0 area to demolish and re-build to their overbuilt density. 27.0 FAR Non -complying fmoor area that is rebuilt would require a Landmark 25.0 contribution into the Public Realm I mprovement Development Fund of $78.60 per square foot. Rights 21.6 Landmark Transit Qualifying sites could utilize the transit improvement 20.0 Development Improvements Rights and landmark transfer mechanisms to achieve Overbuilt Overbuilt maximum permitted FAR. Floor Area Floor Area 15.0 Base Base FAR FAR 10.0 5.0 0.0 Outside TI Z I nside TI Z 570 Madison Avenue Greater East Midtown Proposal Page | 12

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 provisions • Stacking rules Additional Modifjcations Affecting the Special Permits for Additional Floor Area Subdistrict • Transit improvement special permit • Hotel use • Public concourse special permit Greater East Midtown Proposal Page | 13

Public Realm I mprovements

Public Realm I mprovement Concept Plan Initial public realm improvement concept plan consists of pedestrian realm projects and transit improvements identifjed by DOT and MTA. Projects in the concept plan can be modifjed over time to adapt to changing situations and capitalize on future opportunities. Principles and project types are incorporated into the Zoning Resolution. Greater East Midtown Proposal Page | 15

Transit I mprovements Pre -identifjed transit improvements • Improvements categorized according to project Proposed improvements to Lexington line at Grand Central Terminal via One Vanderbilt project scope and public benefjt. • 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 - signifjcant station overhauls • and signifjcant improvements to station capacity Greater East Midtown Proposal Page | 16