Approval of 125th Street Urban Renewal Area & Plan for Mixed-Use Development

• When: 2025/10/29
• Address: Area generally bounded by West 126th Street to the north, 5th Avenue to the east, West 124th Street to the south, and Morningside Avenue to the west
• City: New York
• State: NY
• Category: Area Rezoning
• Subcategory: Mixed-Use Rezoning
• Asset Class: Mixed-Use
• Property Type: Retail, Office, Residential (Affordable Housing)
• Size (Units): 1,000-1,500 Units
• Size (Dollars): $1B+
• Planning Department: Department of Housing Preservation and Development

This resolution approves the designation of a new Urban Renewal Area (URA) and the associated Urban Renewal Plan (URP) for the 125th Street Development Project. The plan aims to foster economic development, create affordable housing, and enhance public spaces along the 125th Street corridor. It outlines strategies for land acquisition, disposition, and redevelopment, including zoning modifications and infrastructure improvements, to address blighted conditions and promote comprehensive revitalization. The project is expected to create a mixed-use environment with a focus on retail, office, cultural, and residential uses, including a significant component of affordable housing. The URP will guide future development within the designated area for the next 40 years.

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