I think a lot of you are missing the point...
Quote:
http://www.observer.com/2012/01/the-...-midtown-east/
DCP is undertaking an important study to ensure that, over time, East Midtown continues to maintain its stature as the world’s premier office district, home to a quarter of a million jobs, 13 Fortune 500 companies, and more than 70 million square feet of office space. The area is characterized by a distinguished building stock, urban design excellence, a vibrant pedestrian realm and an extensive and soon to be enhanced transit network.
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This is the functioning heart of the Big Apple, and it is in need of surgery or a transplant even. You don't get to keep everything the way it was 50 years ago, and expect to compete in the modern world. We are witnessing a spread of modern office buildings around the world like we have never seen.
This section of midtown has long been Manhattan's best as far as the office market goes, but the stock has to be updated for it to remain so. The old office buildings that used to cut it just don't cut it anymore. Construction is just simply different today than it was decades ago. Even as the City builds modern commercial space on the west side of Manhattan (hudson yards) and new space goes up downtown (wtc), the heart of Midtown can't be left to rot until all of the companies have found far more suitable space in other locations, or out of the City entirely even. To put it even more simpler, it's just a matter of the City staying on top of it's game.
As far as the FAR of sites goes, that is what the study will identify - which sites can be bulked up for new construction. Like the Hudson Yards rezoning, it will have to go before the City Council and approval process. It will take a little time to implement, and if the buildings are old now, they won't be any younger in 5 to 10 years.