More SoHo/NoHo Rezoning Failures as City Helps Developers Avoid Affordability Requirements and Enables Super-Luxury Development

At 43 Bleecker Street (l.) and 142 Greene Street within the SoHo/NoHo rezoning areas, developers are getting around the supposed “requirements” for affordable housing and possibly eliminating existing affordable housing, and the City is helping them.

If our recent report showing that the City’s SoHo/NoHo/Chinatown Rezoning has been a resounding failure so far, destroying more affordable housing than it’s created, wasn’t bad enough, two recent projects may be even more appalling. These planned developments, making use of the rezoning we adamantly opposed, show even more egregious failures to offer the promised “affordable” housing, to preserve existing affordable housing, and to ensure that super-luxury residences can’t be built without including affordable ones. 

Village Preservation has written to City officials about these two particularly egregious new developments planned within the rezoning area at 43 Bleecker Street and 142 Greene Street. In each case, the rezoning’s weaknesses have been compounded by the City failing to appropriately enforce related provisions, and have abetted developers getting around the rezoning’s already weak “requirements“ for including affordable housing to create purely super luxury developments. These developers and the City may also be allowing existing affordable housing to be destroyed. We are calling on City officials to appropriately enforce the law and not allow these developments to proceed as planned. Read our letter HERE.

We’re calling on city officials not only to take action regarding these two developments, but to stop promoting rezonings like the SoHo/NoHo/Chinatown rezoning that enable such outcomes.

TO HELP:

June 28, 2025