Real Estate Development

MSMX rezones a 42-block area generally extending from 23^rd Street to 41^st Street between Fifth Avenue and Eighth Avenue. For decades, these blocks were zoned for manufacturing uses and prohibited residential uses. With time, most, if not all, manufacturing jobs left this area. In recognition of this, MSMX rezoned the majority of these blocks to mixed-use districts that allow for, among other things, light manufacturing uses and residential uses. With this, MSMX is estimated to deliver approximately 9,500 units of housing, over 2,800 of which will be permanently affordable.

We’re excited for the opportunity to help our clients better understand the benefits of MSMX, including how it allows for increased density and the potential for office-to-residential conversions.