Vanderbilt CorridorULURP Certification – October 20 2014ULURP Certification – October 20, 2014

Vanderbilt Corridor Proposed Actions E 47E 47thth StreetStreet

Zoning Text Amendment

1. Create new special permit Grand Central Public Realm Improvement Bonus (ZR 81-64)p ( )

2. Modify existing special permit Grand Central SubdistrictLandmark Transfer (ZR 81-635)

3 Create new special permit for Hotel Use (ZR 81 65)3. Create new special permit for Hotel Use (ZR 81-65)

City Map Amendment

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1. Designate portion of Vanderbilt Ave between 42nd and 43rd

streets as a “public place” dedicated to pedestrian uses under the jurisdiction of DOT

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2NYC DCP | Page 2

E 42E 42ndnd Street Street Orthophoto Base Map Copyrighted by the New York City Department of Information

Technology and Telecommunications.All rights reserved.

Vanderbilt CorridorPresentation Outline E 47E 47thth StreetStreet

Background• Location • East Midtown• Need for Zoning Action• 2013 City Proposal (Withdrawn)• 2014 Renewed Effort

Proposed City Actions• Zoning Text Amendment • City Map Amendment e e veveCity Map Amendment

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E 42E 42ndnd Street Street

NYC DCP | Page 3

Orthophoto Base Map Copyrighted by the New York City Department of Information

Technology and Telecommunications.All rights reserved.

Vanderbilt CorridorLocation

ark

Aven

uePa

East MidtownEast Midtown

Times SquareTimes Square

GCTHudson YardsHudson Yards

PennPenn

Orthophoto Base Map Copyrighted by the New York City Department of Information

Technology and Telecommunications.All rights reserved.

NYC DCP | Page 4

Vanderbilt CorridorArea Profile

East Midtown

• 70 million sf office space• 250,000 jobs• NYC financial core• Major Tax Base

Regional Transit Hub• Regional Transit Hub

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NYC DCP | Page 5

Vanderbilt CorridorTransit Hub

NYC DCP | Page 6

Vanderbilt CorridorTransit & Pedestrian Network

East Side Access LIRR

Grand Central Area Pedestrian and Transit Network Second Avenue Subway NYCT

NYC DCP | Page 7

Courtesy of MTA

Vanderbilt Corridor East Midtown Long-Term Challenges

Limited New Office Development• Less than 5% of office stock constructed within

last two decades• Only two mid-sized buildings in last decade

Aging Building StockAverage age 75 years old• Average age 75 years old

• 80% over 50 years old• Outdated structural features

Pedestrian and Transit Network • At-grade and below-grade challenges

Zoning Issues• Current regulations limiting development

NYC DCP | Page 8

Vanderbilt Corridor Current Zoning: Special Midtown District, est. 1982

Basic Maximum FAR, generally:15 FAR on Avenues (C5-3, C6-6)12 FAR in Midblock (C5-2.5, C6-4.5)

C5-

2.5

C5-

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C5-P

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Additional FAR permitted via:C6-6C

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As-of-Right• 1 FAR Plaza Bonus• 1 FAR Landmark Transfer in Grand

Central Subdistrict C5-3 -2.5

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Special Permit• 6.6 FAR Landmark Transfer in Grand

Central Subdistrict (§81 635 )

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C6-4.5 C6-4

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Central Subdistrict (§81-635 )• 20%+ Landmark Transfer (§74-79)• 20% Subway Improvement Bonus

C5-2

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42nd42nd

Basic Maximum FAR

NYC DCP | Page 9

Mad LexVanderbilt Corridor

Current Zoning: Grand Central Subdistrict, est. 1992

GC Landmark Transfer Special Permit (§81-635)• Meant to facilitate TDR from GCT and other

landmarks 48th

• Allows 21.6 FAR development in GC Core• Requires pedestrian/transit related improvement • Used only once in 20+ years (383 Madison)

oror

Landmark Transfer Special Permit (§74-79)• Permits unlimited FAR transfer to adjacent sites in

high-density commercial districts

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GC Landmark TDRs Transferred: 488,036 sfRemaining: ~1 500 000 sf

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Remaining: ~1,500,000 sf

Subway Station Improvement Bonus (§74-634)• Permits 20% increase in FAR for transit

41st

improvements

NYC DCP | Page 10

Proposal

Vanderbilt Corridor 2013 East Midtown Proposal (Withdrawn)

Proposal• Encouraged new development on large sites through

as-of-right increase in FAR• Required contribution to District Improvement Fund to

fund transit and public realm improvementsfund transit and public realm improvements• Focused highest density around GCT: 24 FAR as-of-

right, 30 FAR by special permit• Created broader transfer for landmark TDRs

Concerns Raised During Public Review • Extent of as-of-right development• Administration of District Improvement FundAdministration of District Improvement Fund • Specificity and Timing of infrastructure improvements• Historic Resources • As-of-right Hotel Use

24.024.0(15.0)(15.0)

2013 East Midtown As-of-Right Maximum FAR(Proposal Withdrawn)

NYC DCP | Page 11

Vanderbilt Corridor 2014 Renewed Effort 59th59th

Vanderbilt Corridor

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Greater East Midtown Fifth

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37th37th 12NYC DCP | Page 12

Orthophoto Base Map Copyrighted by the New York City Department of Information

Technology and Telecommunications.All rights reserved.

59th59th

Greater East Midtown (GEM)

Vanderbilt Corridor 2014 Renewed Effort

G eate ast dto (G )

Longer-term process to develop framework for East Midtown area

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Steering Committee•Manhattan Borough President Brewer (Co-Chair)

•Council Member Garodnick (Co-Chair)

•Build Up NY

Fifth

Fifth

Sec

Sec

Par

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Lex

Lex

Mad

Mad

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Thir•East Midtown Partnership

•Grand Central Partnership

•Historic Districts Council/Landmarks Conservancy

•Manhattan Community Board 5

•Manhattan Community Board 6

•Multi-Board Task Force

•Municipal Art Society

•Real Estate Board of New York

42nd42nd•Regional Plan Association

Recommendations expected Spring 2015

37th37thNYC DCP | Page 13

Vanderbilt Corridor

Vanderbilt Corridor2014 Renewed Effort

Vanderbilt Corridor

Addresses: • Near-term development sites

• Limited ability for landmarks to transfer unused floor area

• Transit and Public Realm challenges• Grand Central subway station• Sidewalk widths• Sidewalk widths• Public open space• Vanderbilt Ave pedestrian experience

NYC DCP | Page 14

Orthophoto Base Map Copyrighted by the New York City Department of Information

Technology and Telecommunications.All rights reserved.

Vanderbilt Corridor Public Realm Challenge: Transit Network

NYC DCP | Page 15

Vanderbilt Corridor Public Realm Challenge: Pedestrian Network

57th

Mad Lex

Madison Ave Sidewalk – 13 feet 49th

46th

42ndGCT

Indoor/Covered POPS

Outdoor POPS Other SpacesVanderbilt Avenue

NYC DCP | Page 16

Vanderbilt Corridor Proposed Actions E 47E 47thth StreetStreet

Zoning Text Amendment

1. Create new special permit Grand Central Public Realm Improvement Bonus (ZR 81-64)p ( )

2. Modify existing special permit Grand Central SubdistrictLandmark Transfer (ZR 81-635)

3 Create new special permit for Hotel Use (ZR 81 65)3. Create new special permit for Hotel Use (ZR 81-65)

City Map Amendment

e e veve

1. Designate portion of Vanderbilt Ave between 42nd and 43rd

streets as a “public place” dedicated to pedestrian uses under the jurisdiction of DOT

Mad

ison

Ave

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ison

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E 42E 42ndnd Street Street

NYC DCP | Page 17

Orthophoto Base Map Copyrighted by the New York City Department of Information

Technology and Telecommunications.All rights reserved.

Vanderbilt Corridor Text Amendment

1. Create New Special Permit: Grand Central Public Realm Improvement Bonus (§81-64)

• Permits floor area bonuses for developments in Vanderbilt Corridor that provide significant pedestrian and transitCorridor that provide significant pedestrian and transit network improvements

• Permits increase in max density from 15 to 30 FAR

All f i t t lif f b• Allows range of improvements to qualify for bonus, including off-site transit improvements and above-grade public spaces

• Requires completion of improvements before temporary q p p p ycertificate occupancy for bonus floor area

• Based on existing Subway Improvement Bonus Mechanism

NYC DCP | Page 18

Orthophoto Base Map Copyrighted by the New York City Department of Information

Technology and Telecommunications.All rights reserved.

Vanderbilt Corridor Text Amendment

New Special Permit Grand Central Public Realm Improvement Bonus (§81-64) cont’d

• Proposed special permit based on existing SubwayImprovement Bonus Mechanism

599 Lex @ 51st+ 53rd St 885 Third @ 53rd Lex

Improvement Bonus Mechanism

Zeckendorf @ Union Sq W W Plaza @ 50th St

Coliseum @ Colum. Cir. Citicorp @ Court Sq.

Hearst @ Colum. Cir. Court Sq II @ Court Sq.

NYC DCP | Page 19 45th Rd @ Court Sq. 15 Penn @ Penn/Herald.

Vanderbilt Corridor Text Amendment

New Special Permit Grand Central Public Realm Improvement Bonus (§81-64) cont’d

• Proposals must meet site planning, building massing, sustainable design requirementssustainable design requirements

• Through an associated special permit, bulk and urban design requirements can be modified in order to allow development of the proposed building

NYC DCP | Page 20

Orthophoto Base Map Copyrighted by the New York City Department of Information

Technology and Telecommunications.All rights reserved.

Vanderbilt CorridorManhattan CBD Density

Vanderbilt Corridor Anticipated Density• Block Size ~ 43,000 SF• 15 - 30 FAR ~ 645,000 - 1.29M ZSF

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383 Madison One Bryant Park200 West 15 Penn (Approved)7 WTC 1 WTC383 Madison21.6 FAR1.2M GSF

950,000 ZSF

One Bryant Park~23 FAR

2.2M GSF

200 West~24 FAR

2.1M GSF

15 Penn (Approved)18 FAR

2.8M GSF2.05M ZSF

7 WTC~27 FAR

1.8M GSF

1 WTC~52 FAR

3.5M GSF

NYC DCP | Page 21

Vanderbilt Corridor Text Amendment

2. Modify Existing Special Permit Landmark Transfers in Grand Central Subdistrict (§81-635)• Facilitate floor area transfers from landmarks• Raise maximum FAR in Vanderbilt Corridor

from 21.6 to 30 FAR• Change requirement for infrastructure

improvements to be waived or required at CPC’s discretion

NYC DCP | Page 22

Vanderbilt Corridor Proposed Text Amendment

3. Restrict Hotel Use in Vanderbilt Corridor except by Special Permit (§81-65)

• Ensures that new hotels are full-service to t d t th E t Midtsupport and strengthen East Midtown as

business district

• Applies to new development, conversion, or enlargement g

NYC DCP | Page 23

Vanderbilt Corridor Proposed City Map Amendment

1. Designate “Public Place” on Vanderbilt Avenue between 42nd and 43rd Streets

• Allows permanent improvement as a public space p p p punder the jurisdiction of DOT

NYC DCP | Page 24

NYC DCP | Page 25