Battle Over Housing In New York's Wealthiest Zip Code

Largely low-rise and industrial, Manhattan's once gritty but now chic TriBeCa neighborhood is facing pressure from developers who are hoping to profit from its desirability by building new high-rise apartments.

1 minute read

August 14, 2006, 7:00 AM PDT

By Christian Madera @http://www.twitter.com/cpmadera

"The neighborhood of TriBeCa has undergone a sea change in the last two or three decades, with luxury towers and converted apartment lofts replacing the factories and warehouses that once dominated the gritty, low-rise area.

The neighborhood is now part of the richest ZIP code in New York City and the 12th richest ZIP code in the country, according to a recent study by Forbes. Currently, only about 18% of north TriBeCa is zoned for residential use, and the development community is hoping to cash in on the seemingly insatiable demand for luxury housing."

A new proposal to upzone a four-block area of the community to allow for a 100 foot high residential building has mobilized opponents in the community, who want to preserve the areas low-rise character.

Read the full story: TriBeCa, City's Wealthiest Zip Code, May Soon Get a Face-Lift

Sunday, August 13, 2006 in The New York Sun

Government / Politics Housing Urban Development New York

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

Start Learning

Advertise with us

FREE Course: Walkable City 1: Why Walkability?

After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.