NYC Council OKs Lower East Side Mixed-Use Project Plan

Law360, New York (October 11, 2012, 6:55 PM EDT) -- The New York City Council unanimously approved a 1.65-million-square-foot mixed-use proposal for nine vacant parcels of land in the Lower East Side on Thursday after more than 45 years of controversy and setbacks.

The Council made several modifications to the plan that was approved by the City Planning Commission in August, satisfying long-running arguments for more affordable housing in keeping with the original purpose of the site, known as the Seward Park Urban Renewal Area.

The city agreed to add an additional 100 housing units to...
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