NYC Releases Proposal To Revamp Gowanus

0

The city has released its proposal to encourage more residential development in Gowanus, an effort that officials hope will be a prelude to rezoning the neighborhood.

As part of the proposal, Fourth Avenue would be upzoned to encourage redevelopment of the busy thoroughfare and would make the city’s mandatory inclusionary housing program applicable to the area, Politico reported.

In exchange for the zoning change, owners would be required to build affordable housing. Fourth Avenue was rezoned back in the Bloomberg administration but didn’t include an affordable housing component. Read more at The Real Deal.

{Matzav.com}

LEAVE A REPLY

Please enter your comment!
Please enter your name here