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	<title>Observer &#187; Apartment Towers Coming to Penn Station Wasteland? </title>
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		<title>Observer &#187; Apartment Towers Coming to Penn Station Wasteland? </title>
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		<title>Apartment Towers Coming to Penn Station Wasteland?</title>

		<comments>http://observer.com/2011/04/apartment-towers-coming-to-penn-station-wasteland/#comments</comments>
		<pubDate>Wed, 27 Apr 2011 22:54:52 -0400</pubDate>
					<link>http://observer.com/2011/04/apartment-towers-coming-to-penn-station-wasteland/</link>
			<dc:creator>Laura Kusisto</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/pennstation.jpg?w=300&h=225" />In a move that could help revive debate about the future of midtown west's grungy office stock, Edison Properties wants to build a 407-unit residential tower in the area directly south of Penn Station, currently a no man's land of cheap office lofts and questionable pizza joints.</p>
<p>The New Jersey-based developer owns a parking lot at 249 West 28th Street, where it plans to build a large apartment tower with an affordable housing component, but needs the area rezoned. Edison and the Department of City Planning have submitted<a href="http://www.nyc.gov/html/dcp/html/about/pr042511.shtml"> concurrent proposals&nbsp;</a>to rezone the former Fur District, spanning from Sixth to Eighth avenues and 28th to 30th streets&nbsp;to allow for some large residential development, while trying to preserve cheap office space and forestall new hotel development.</p>
<p>The proposal is likely to stir up a decades-old questions about the future of midtown west, an area once dominated by garment manufacturers and now dotted with empty cheap office lofts, with condos and hotels in between. A previous proposal to rezone the Garment District to allow for more office development has stalled. New apartment towers south of Penn Station could, however,&nbsp;create additional pressure to rezone the Garment District, even as Brookfield is set to erect a massive mixed-use development at 33rd Street and rumblings of progress are also being felt at Hudson Yards--all likely to bring an influx of residents to surrounding areas.&nbsp;</p>
<p>In an apparent effort to preempt some of that opposition, the proposal requires developers to replace any office space over 50,000 square feet that is lost to demolition. Plus, a few more well-moneyed condo and rental dwellers can only help the office market, right?</p>
<p>"Adding a measure of residential development to these business districts," said planning commissioner Amanda Burden in a statement, "can foster a more lively working environment while preserving and protecting existing office space and distinctive building stock."&nbsp;(The new zone will also restrict development of hotels with more than 100 rooms, a move that could rankle developers, who have targeted it as a prime hotel development area.)&nbsp;</p>
<p>Community Board Five will hold a meeting to discuss the rezoning proposal next Wednesday. Edison Properties has not yet prepared a statement or appointed a spokesperson.&nbsp;</p>
<p><em>lkusisto@observer.com&nbsp;</em></p>
<p><em>Update: An earlier version mistated that Community Board Six would review the proposal.&nbsp;</em></p>
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		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/pennstation.jpg?w=300&h=225" />In a move that could help revive debate about the future of midtown west's grungy office stock, Edison Properties wants to build a 407-unit residential tower in the area directly south of Penn Station, currently a no man's land of cheap office lofts and questionable pizza joints.</p>
<p>The New Jersey-based developer owns a parking lot at 249 West 28th Street, where it plans to build a large apartment tower with an affordable housing component, but needs the area rezoned. Edison and the Department of City Planning have submitted<a href="http://www.nyc.gov/html/dcp/html/about/pr042511.shtml"> concurrent proposals&nbsp;</a>to rezone the former Fur District, spanning from Sixth to Eighth avenues and 28th to 30th streets&nbsp;to allow for some large residential development, while trying to preserve cheap office space and forestall new hotel development.</p>
<p>The proposal is likely to stir up a decades-old questions about the future of midtown west, an area once dominated by garment manufacturers and now dotted with empty cheap office lofts, with condos and hotels in between. A previous proposal to rezone the Garment District to allow for more office development has stalled. New apartment towers south of Penn Station could, however,&nbsp;create additional pressure to rezone the Garment District, even as Brookfield is set to erect a massive mixed-use development at 33rd Street and rumblings of progress are also being felt at Hudson Yards--all likely to bring an influx of residents to surrounding areas.&nbsp;</p>
<p>In an apparent effort to preempt some of that opposition, the proposal requires developers to replace any office space over 50,000 square feet that is lost to demolition. Plus, a few more well-moneyed condo and rental dwellers can only help the office market, right?</p>
<p>"Adding a measure of residential development to these business districts," said planning commissioner Amanda Burden in a statement, "can foster a more lively working environment while preserving and protecting existing office space and distinctive building stock."&nbsp;(The new zone will also restrict development of hotels with more than 100 rooms, a move that could rankle developers, who have targeted it as a prime hotel development area.)&nbsp;</p>
<p>Community Board Five will hold a meeting to discuss the rezoning proposal next Wednesday. Edison Properties has not yet prepared a statement or appointed a spokesperson.&nbsp;</p>
<p><em>lkusisto@observer.com&nbsp;</em></p>
<p><em>Update: An earlier version mistated that Community Board Six would review the proposal.&nbsp;</em></p>
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