Fort Greene/Clinton Hill Rezoning Details Discussed
From Brownstoner: http://brownstoner.com/brownstoner/archives/2007/03/clinton_hillfor.php#trackback
Posted by Brownstoner at March 20, 2007 8:57 AM
City Planning chief Amanda Burden showed up at Polytechnic University last Wednesday night introduce some long-awaited details about the re-zoning of Clinton Hill and Fort Greene. Similar in concept to what happened in Park Slope, the plan is to down-zone the interior blocks while allowing developers to build bigger buildings on the three most commercial avenues in the area — Myrtle, Fulton and the northern side of Atlantic. The upshot: Developers who own property in the down-zoned areas have until sometime near the end of this year (depending on the speed of the approval process) to get their plans approved and foundations in the ground. In the meantime, prices should be rising for prime locations on the aforementioned avenues. The new R7/R7A zoning there will let developers build a 3.45 FAR as of right and up to 4.5 FAR by using inclusionary zoning. (All this means is that to get the bonus FAR, the developer must build affordable housing somewhere in CB2, not in the development itself.) One developer we talked to was a little disappointed in the 3.45 number, saying that he had expected it to be closer to 4; nonetheless, he said, it should still be a good shot of adrenaline for building on the avenues.