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Brooklyn rezoning paves way for waterfront haven.


Greenpoint and Williamsburg will soon be turned into a waterfront haven, after the Council's Land Use Committee voted unanimously this week to approve a historic plan to rezone re·zone  
tr.v. re·zoned, re·zon·ing, re·zones
To change the zoning classification of (a neighborhood or property, for example).



re
 175 blocks of the Brooklyn neighborhoods.

"For the past three years, our Administration has worked to open New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 City's waterfront to the public, add much-needed housing affordable to a range of incomes, and create new public open space," said Mayor Michael Bloomberg Michael Rubens Bloomberg (born 14 February 1942) is an American businessman, and the founder of Bloomberg L.P., currently serving as the Mayor of New York City. He was a general partner at Salomon Brothers before founding the financial software service company in 1981. . "The plan reclaims the magnificent Greenpoint-Williamsburg waterfront by adding 54 acres of public open space. And through a variety of incentives and the City's commitment of several publicly owned Publicly owned can refer to:
  • Public company, a company which is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange
  • Public ownership, of government-owned corporations
 sites, we have been able to increase the amount of affordable housing from 23%, in the plan approved by the City Planning city planning, process of planning for the improvement of urban centers in order to provide healthy and safe living conditions, efficient transport and communication, adequate public facilities, and aesthetic surroundings.  Commission, to 33% for a total of 3,500 affordable units, making Greenpoint-Williamsburg the most aggressive affordable housing strategy in the City's history."

In total, the plan will create 10,818 housing units, cap buildings at 400 feet and include a range of tax incentives to developers, who would also build a waterfront esplanade along and turn it over to the city.

The construction industry will benefit greatly from the plan.

"Local 32B J, New York's building service workers union, commends Mayor Bloomberg and the City Council for adopting a rezoning plan for the Greenpoint-Williamsburg waterfront that ensures an equitable, fair and sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union  for workers, residents and the real estate industry," said 32BJ President Mike Fishman. "The development will create some 500 good-paying building service jobs that will help workers support their families and provide a much-needed boost to local businesses."
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Article Details
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Author:Nelson, Barbara
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:May 11, 2005
Words:264
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