COMMERCIAL OBSERVER --City Planning Certifies Vanderbilt Corridor Application

The Department of City Planning certified a five-block rezoning application today for a stretch of Vanderbilt Avenue adjacent to Grand Central Terminal in Midtown East that includes SL Green Realty Corp.‘s proposed 67-story, 1.3-million-square-foot 1 Vanderbilt office tower.

The announcement officially kicks off the city’s Uniform Land Use Review Procedure, sending the contentious plan for successive evaluations by Manhattan Community Boards 5 and 6, Manhattan Borough President Gale Brewer, the City Planning Commission and finally to the City Council. The certification could also restart the momentum behind the larger 73-block Midtown East rezoning that failed in the City Council last year.

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