NYC Kicks Off Plan to Rezone Midtown, Turn Offices Into Housing.

The moves come after Mayor Eric Adams and Governor Kathy Hochul were rebuffed by fellow Democratic lawmakers in Albany earlier this year in the their quest for an ambitious program to address the state's housing shortage. (Bloomberg) -- New York City is rolling out a plan to convert vacant offices into as many as 20,000 new housing units by creating a multi-agency group to help developers cut through red tape and rezoning a section of Manhattan known as Midtown South. [Extracted from the article]