City CouncilPublic Hearing
June 20, 2017
GreaterEast Midtown Proposal
Page | 2 Greater East Midtown Proposal
More than 60 million square feet of office space.
Approximately 250,000 workers.
Home to some of the city’s most iconic office buildings, landmarks, and civic spaces.
Regional transit hub.
Investment in significant transit infrastructure including East Side Access and Second Avenue subway.
Long-term Challenges• Outdated building stock• Limited new development• Current zoning• Pedestrian + transit network
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long queues
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outdated floorplates Pre-1961 Building Rezoning Boundary
A Premier Business District with Long-term Challenges
Page | 3 Greater East Midtown Proposal
2013 | East Midtown rezoning proposalCity withdrew proposal prior to a vote by City Council in order to address comments.
2015 | Vanderbilt Corridor rezoning approvedPermits developments to achieve higher densities in exchange for making transit improvements and/or via development rights from nearby landmarks.
2015 | East Midtown Steering CommitteeConsensus-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
Recent City Initiatives
Page | 4 Greater East Midtown Proposal
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Previously Designated Recently Designated
Minnie E. Young Residence
Pershing Square Building
Yale ClubHampton Shops Building
18 East 41st StreetMartin Erdmann Residence
Graybar Building 601 Lexington Avenue and St. Peter’s Church
Hotel LexingtonBeverly HotelShelton Hotel400 Madison
Individual Landmarks + Historic Districts
Zoning Proposal
Page | 6 Greater East Midtown Proposal
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Subdistrict boundary is informed by current land use and built fabric.
Predominately commercial areas included.
Mixed residential-commercial areas not included.
Residential districts east of Third Ave not included.
Vanderbilt Corridor remains separate.
One + Two Family Residence
Multi-Family Residence (walkup)
Multi-Family Residence (elevator)
Mixed Residential + Commercial
Commercial
Industrial
Transportation + Utility
Public Facilities + Institutions
Open Space
Parking
Vacant
Subdistrict Boundary
Vanderbilt Corridor
Proposed Boundary
Page | 7 Greater East Midtown Proposal
Text amendment | Establish the East Midtown Subdistrict within the Special Midtown District (MiD), which will supplant the Grand Central Subdistrict.
Map amendment | Rezone Block 1316.
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Proposed text amendment
Zoning District
Special District
Special Midtown District
Proposed map amendment
Proposed Text + Map Amendment
Page | 8 Greater East Midtown Proposal
Increased density based on locational criteria
Near Grand Central Terminal
Near transit hubs along East 51stand East 53rd streets
Along Park Avenue
Along wide streets
Site eligibility criteria in order to use proposed framework
• Cleared frontage, a landmarked building, or a transit easement required along a wide street
• Commercial floor area minimum of 80% of zoning lot
• Building must meet or exceed environmental standards
Proposed Density Map
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Text Amendment Density Framework + Qualifying Site Criteria
Page | 9 Greater East Midtown Proposal
rebuild overbuiltfloor area
transfer of landmark development rights
Image | Kohn Pedersen Fox Associates
pre-identifiedtransit improvements
Qualifying sites can achieve maximum as-of-right FAR via three mechanisms:
As-of-Right Mechanisms
Page | 10 Greater East Midtown Proposal
Required improvements | Within a Transit Improvement Zone, between 10% and 20% of a development’s earned floor area must be generated through the completion ofpre-identified transit improvements.
Transit Improvement Zone
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As-of-Right Transit Improvement Mechanism
Page | 11 Greater East Midtown Proposal
Saint Patrick’s Cathedral
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Would permit district-wide transfer of landmark development rights.
Continuing maintenance plan for the landmark will be required.
Each transfer requires a contribution into the Public Realm Improvement Fund equaling 20% of TDR sale or a minimum contribution of $78.60 per square foot.
As-of-Right Landmark Transfer Mechanism
Page | 12 Greater East Midtown Proposal
570 Madison Avenue
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Would permit pre-1961 buildings with non-complying floor area to demolish and re-build to their overbuilt density.
Non-complying floor area that is rebuilt would require a contribution into the Public Realm Improvement Fund of $78.60 per square foot.
Qualifying sites could utilize the transit improvement and landmark transfer mechanisms to achieve maximum permitted FAR.
As-of-Right Overbuilt Floor Area Mechanism
Page | 13 Greater East Midtown Proposal
Provisions Applicable on Qualifying Sites
• Environmental standards
• Height and setback
• Sidewalk widening
• Retail continuity
• Stacking rules
Special Permits for Additional Floor Area
• Transit improvement special permit
• Public concourse special permit
Discretionary Actions to Modify Qualifying Site Criteria
• Authorization to allow enlargements on qualifying sites
• Special permit to modify qualifying site provisions
Additional Modifications Affecting the Subdistrict
• Hotel use
Additional Subdistrict Regulations
Public Realm Improvements
Page | 15 Greater East Midtown Proposal
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.
Public Realm Improvement Concept Plan
Page | 16 Greater East Midtown Proposal
Pre-identified transit improvements
• Improvements categorized according to 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
• Type 3 | 120K sf - significant station overhauls and significant improvements to station capacity
Image | Kohn Pedersen Fox Associates
Proposed improvements to Lexington line at Grand Central Terminal via One Vanderbilt project
Transit Improvements
Page | 17 Greater East Midtown Proposal
thoroughfaressharedstreets
pedestrianplazas
Rendering of interim strategy to pilot a shared street treatmentRendering of proposed plaza at Pershing Square East Bus bulbout at Seventh Avenue and West 34th Street
Pedestrian Realm Toolkit
Page | 18 Greater East Midtown Proposal
The Fund:
• Generated through a portion of the landmark development rights sales and the redevelopment of overbuilt floor area.
• Supports capital improvements identified by DOT and MTA.
• Maintained independent of the City’s General Fund.
Governing Group:
• The Fund will be managed by an 11-member governing group.
• Charged with prioritizing improvements to be funded and modifying improvement list based on the area’s needs.
Images | Renderings of pedestrian plaza at Park Avenue and40th Street in daytime and nighttime condition.
Public Realm Improvement Fund + Governance
Page | 19 Greater East Midtown Proposal
Function
Assures an appropriate minimum level of investment in the public realm, which is mutually beneficial to the public, property owners, and landmarks.
Minimum contribution amount methodology
Based on the results of a market study, the TDR value of the lowest quartile of the 10 most recent land sales in Midtown East and Midtown West was used to determine the minimum contribution amount of $78.60 per square foot.
125 Park Avenue, New York, NY 10017 T 212.372.2000 F 212.372.2424 A division of Newmark Grubb Knight Frank
EAST MIDTOWN LANDMARK TDR
CONTRIBUTION RATE MARKET STUDY
FOR:New York City Economic Development Corporation
110 William StreetNew York, NY 10038
BY:
Landauer Valuation & AdvisoryA division of Newmark Grubb Knight Frank
125 Park AvenueNew York, New York 10017
Landauer East Midtown Market Study Final Report cover
Minimum Contribution Function + Methodology
Concept Plan:Transit Network
Page | 21 Greater East Midtown Proposal
Prioritize stations with highest volume of customers to/from East Midtown
Address stations’ customer congestion points by
• Increasing capacity with new or wider stairs/escalators
• Providing new path of travel with a new entrance or stair
Provide ADA accessibility where does not exist
Placemaking to improve circulation, wayfinding and the customer environment
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Guiding Principles
Page | 22 Greater East Midtown Proposal
MTA identified six stations with significant East Midtown ridership.
• Grand Central
• Fifth Avenue-53rd Street
• Lexington Avenue-51st/53rd Streets
• 42nd Street Bryant Park-Fifth Avenue
• 47th-50th Streets-Rockefeller Center
• Lexington Avenue-59th Street
Transit Improvement Zone
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GrandCentral
Terminal
47th-50th Sts-Rockefeller Ctr
Station
Lexington Ave-51st/53rd Sts
Station
Fifth Ave-53rd St
Station
42nd StBryant Park-
Fifth AveStation
Lexington Ave-59th StStation
Eligible Station
Station Eligibility
Page | 23 Greater East Midtown Proposal
• Entrances | four new entrances
• Stairways | six new and twelve widened stairs
• Escalators | one widened and two new escalators
• Elevators | nine new elevators
• Completed renovation of Lexington mezzanine
Pre-Identified Transit Improvements
Concept Plan:Pedestrian Realm
Page | 25 Greater East Midtown Proposal
Enhance safety
Balance vehicular mobility and pedestrian circulation improvements
Create premier public spaces
Guiding Principles
Page | 26 Greater East Midtown Proposal
53rdStreet
MadisonAvenue
LexingtonAvenue
ParkAvenue
ThirdAvenue
Thoroughfare Improvements
Page | 27 Greater East Midtown Proposal
ParkAvenue
Pershing Square
VanderbiltAvenue
44thStreet
43rd Street
41stStreet
Premier Public Spaces
Page | 28 Greater East Midtown Proposal
Plaza Program
Page | 29 Greater East Midtown Proposal
A “Shared Street” is a roadway designed for slow travel speeds where pedestrians, cyclists, and motorists all share the right of way.
Vehicles are advised to drive 5MPH and the roadway is flush from building line to building line without the typical curb line grade separation.
Shared streets can be designed and managed in a variety of different ways to balance the needs of all users while enhancing the safety, aesthetics, and overall experience of the street.
Buenos Aires, Argentina
Shared Street
Page | 30 Greater East Midtown Proposal
• Funding will become available through development
• Governing Group will select a project
• DOT will work to identify a maintenance partner
• DOT will hold multiple public workshops to develop a design responsive to the needs of local stakeholders
• DOT will present the design to the community board for approval
Process
Page | 31 Greater East Midtown Proposal
DOT will pursue public realm improvements using interim treatments prior to future development. The proposed early action items include:
• 53rd Street corridor enhancements
• Pershing Square East Plaza upgrades
• Park Avenue traffic reconfiguration and safety upgrades
• Shared street pilot project
Early Action Items
City CouncilPublic Hearing
June 20, 2017
GreaterEast Midtown Proposal