In Midtown South, a promising housing initiative is on the horizon, marked by proposed rezoning across 42 blocks. The focus is on transforming manufacturing zones into residential areas, potentially bringing forth a wave of thousands of new housing units over the next decade.

Midtown South’s office market has experienced a shift, with demand from TAMI (technology, advertising media, and information) tenants declining, leading to an oversupply of office space. This context underscores the importance of repurposing these spaces to meet housing needs.

The ...