The New York City Council approved a significant rezoning plan, termed the Midtown South Mixed-Use (MSMX) plan, to construct over 9,500 residential units in Midtown South. This initiative is a response to New York City's housing affordability issues, with over 2,800 units designated as rent-regulated affordable housing. The plan has garnered support from local officials, including Manhattan City Council Members Erik Bottcher and Keith Powers. Additionally, the initiative includes a new car-free busway on 34th Street and funding to assist Garment District businesses, all aiming to revitalize the local economy and housing market.
The New York City Council passed a major rezoning plan to build over 9,500 homes in Midtown South (MSMX) on Thursday, marking the first use of a landmark zoning law aimed at addressing New York City's affordability crisis.
Manhattan City Council Member Erik Bottcher said the MSMX plan will transform the area and is key to increasing New York City's housing stock.
City Planning Commission Director Dan Garodnick stated that the plan will reinvigorate Manhattan's housing market and provide new opportunities for young New Yorkers.
The Council's approval also clears the way for a new car-free busway on 34th Street aimed at reducing congestion.
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