Posted Apr 17, 2024, 9:36 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 52,145
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This could have some implications here (and of course across the city), though the FAR overall on this site would remain 24.
https://therealdeal.com/new-york/202...citys-far-cap/
Budget proposal addresses FAR cap
State Budget Expected to Lift New York City’s FAR Cap
APR 17, 2024
By Kathryn Brenzel
Quote:
On Monday, the governor referred to eliminating density caps in Manhattan. But a press release and folks familiar with the negotiations indicated that lifting the cap on residential floor area ratio would be citywide. (Memo to the governor: The other four boroughs are Brooklyn, Queens, Staten Island and the Bronx.)
The details get a bit fuzzy from there. Over the weekend, nonprofit publication the City reported that the state would allow residential projects that are 15 times the size of their lot, meaning an FAR of 15, up from the current 12. That would throw a wrench in the city’s plans to create two residential districts with floor-area ratios of 15 and 18.
The details get a bit fuzzy from there. Over the weekend, nonprofit publication the City reported that the state would allow residential projects that are 15 times the size of their lot, meaning an FAR of 15, up from the current 12. That would throw a wrench in the city’s plans to create two residential districts with floor-area ratios of 15 and 18.
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Still nowhere near what is needed.
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