X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A plan to make nine mostly vacant city-owned parcels available for commercial and residential development on Manhattan’s Lower East Side won City Council approval last week, the next-to-last step in New York City’s tortuous—and sometimes torturous—land-use review process. The final step—the mayor’s signature on the bill—is pretty much a fait accompli in this case. Getting to this point only took about half a century.

When the scenario then known as the Seward Park Extension Urban Renewal Area was first proposed, Robert F. Wagner Jr. was mayor, the Beatles were riding high on the Top 40 charts thanks to sales of seven-inch circular slabs of vinyl, 200 Park Ave. bore the logo of Pan American World Airways and your humble scribe had yet to enter kindergarten. Seven mayoralties and 47 years later, the city and the world have evolved to the point that relatively little is as it was in 1965.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.