Real Estate Development

Last week, the New York City Council voted to approve the Midtown South Mixed-Use Plan (MSMX). One of the largest, "neighborhood rezonings" in the past decade, this is the first major rezoning that takes full advantage of the City of Yes zoning initiative that was approved in December 2024.

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.

For more information on MSMX, we encourage you to listen to our podcast Land Use & Zoning Update: Midtown South Mixed-Use Plan is Approved by the City Council where Herrick partners Mitchell Korbey and Robert Huberman discuss MSMX and what it means for the future of Midtown South.

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.

For more information on Midtown South Mixed-Use Plan and related matters, please contact: