Partner Michael Vardaro Quoted in Multi-Housing News
Zetlin & De Chiara LLP Managing Partner Michael J. Vardaro was quoted in Multi-Housing News on New York City’s mixed-use midtown rezoning plan. In an article titled “NYC’s Midtown Makeover Kicks Off Critical Phase,” Mr. Vardaro notes that the plan is well reasoned, but the actual development timeline will depend upon each individual property’s circumstances.
“New York City is facing a shortage of housing, coupled with the lack of excitement and vibrancy in certain Midtown neighborhoods due to lower amounts of office workers,” Mr. Vardaro notes. “The plan to unlock those areas to allow residential construction makes a lot of sense. The Pfizer headquarters on 42nd Street in Midtown East is a good example of a large-scale project that could be a rebirth of sorts for the local neighborhood.”
To read the full article written by Jeffrey Steele on the Multi-Housing News website click here.