SoHo and NoHo Rezoned in City Hall Evaluation
City Hall has approved a measure to rezone SoHo and NoHo in a monumental re-evaluation. Residential zoning will now be permitted where Artist in Residence Certification was previously required. This means that previously protected Artists spaces will no longer be the only spaces allowed. Artists who are already certified will be allowed to keep their certification, but those needing to convert a building will have to pay into an Arts Fund.
The proposal, which was first introduced in 2015, aims to create about 3,500 new apartment units, about 900 of which will be designated as Mandatory Inclusionary Housing, and allows for the development of new buildings as tall as 27-stories in some areas around Broadway and Canal Street. The measure also "removes obsolete regulations that hurt small businesses and introduces sensible use rules that recognize its status as a major economic engine and retail destination." By doing this, the City hopes to pair small business start ups with physical store-fronts that are currently vacant due to unclear and patchwork zoning rules and variances.
Converting a previously building from Joint-Living Work Quarters to General Residence use will cost $100/square foot to the Arts Fund and require you to file an Alt 1. Click here to read all the details.
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