Far West Side
From the 2005 rezoning to 2013, more than 7.5 million square feet of development was completed or is underway in the Hudson Yards area. These include 15 hotel buildings and 20 residential projects. The City’s investment in Hudson Boulevard, open space, and the #7 train extension helped spur development of the City’s next great business district.
Lower East Side
The Bloomberg administration reached a historic agreement with the community to redevelop Seward Park, a long underutilized 6.5 acre site, into residential, commercial and open space, anchored by 1,000 units of housing, half of which will be permanently affordable.
Rebuilding Lower Manhattan
As a result of the City’s investment in new sewage and gas lines, new roads and parks, and new housing and cultural space, the number of residents downtown had more than doubled by 2013 compared to September 10, 2001. In 2013, there were more businesses downtown than there were on September 10, 2001.
The re-zoning of 125th Street led to the creation of thousands of new housing units, new commercial development, new cultural space, and the arrival of major new retail outlets. The Frederick Douglass Boulevard rezoning in 2003 resulted in more than 800 new housing units and the construction of the first hotel (Aloft Hotel) to open in Harlem in more than 50 years.
The rezoning of West Chelsea, and the creation of the High Line Park, led to $2 billion in commercial, residential, and cultural investments.
As a result of Mayor Bloomberg’s commitment to growing our innovation economy, Cornell University and the Technion Institute of Israel are is building a 2 million square foot applied science and engineering campus that will lead to hundreds of new companies, tens of thousands of jobs, and generate billions of dollars in economic activity over the next three decades.
Columbia, Fordham & NYU
The Bloomberg administration helped usher through re-zonings that will allow Columbia, Fordham and NYU to conduct major expansions of their campuses.