- Sensible retail regulations: Rather than a patchwork of variances and zoning rules for a manufacturing landscape that no longer exists in SoHo/NoHo, the plan removes obsolete regulations that hurt small businesses and introduces sensible use rules that recognize its status as a major economic engine and retail destination. The Plan also includes investments to bring Small Business Service’s Storefront Startup to SoHo/NoHo to address storefront vacancies. This program pairs small businesses, including artists and creative entrepreneurs, without a physical location to vacant storefronts to help them launch and grow.
- SoHo/NoHo Arts Fund: The Plan supports the legacy of arts and culture in and around SoHo and NoHo over the long term with a new arts fund model to ensure a future stream of investments into the area’s artistic vibrancy. The SoHo/NoHo Arts Fund creates a voluntary mechanism for those living in Joint Living Work Quarters for Artists (JLWQA) who wish to convert to a legal residential use through a contribution to a neighborhood arts fund. The JLWQA program will also remain an option for certified artists in perpetuity.
- Tools to protect and enhance the historic context: New York City Landmarks Preservation Commission’s review and certification of appropriateness remains unchanged throughout the historic districts, which is about 85% of total rezoning area. The Plan will add height limits to the area for the first time, which will further encourage beloved loft-like structures. To enhance and protect the neighborhoods’ historic character and building forms, no towers will be allowed. The new height limits include:
- Outside of the historic districts and along Canal Street and the Bowery, “Opportunity Areas” allow increased density and a maximum height of 275 feet, in line with the existing context. In comparison, the tallest existing building in the “SoHo West” Opportunity Zone is the approximately 400-foot Telephone Building.
- Along historic district commercial corridors, including Broadway, the maximum height is 205 feet.
- In the historic cores of the project areas, maximum height is 145 feet.
- New affordable housing on nearby city-owned sites: The City will prioritize the development of affordable housing at 388 Hudson Street and 324 East 5th Street, two City-owned sites in the surrounding neighborhoods.
- Resources to support existing residents: To support existing tenants, the City will fund one or more local community organizations to conduct proactive outreach to tenants in the rezoning area and continue proactive tenant outreach via the Mayor’s Public Engagement Unit’s Tenant Support Unit. The City will also fund additional staff resources within the Loft Board to support a faster process for residents who wish to converting from Interim Multiple Dwelling (IMD) to legal residential use.
- Investments in neighborhood amenities and infrastructure: The Plan includes initiatives focused on comprehensive improvements to transportation, public realm, and sanitation throughout the area, such as:
- Reconstruction and expansion of the Pike and Allen Street Malls, with potential enhancements including expanded landscaping, seating areas, lighting, protected greenways, and more.
- Improvements to Sara D. Roosevelt Park, including reopening the Stanton Street building for community use.
- Exploring the redesign of Petrosino Square and Cooper Triangle, well-used public spaces by the SoHo/NoHo communities.
- Comprehensive studies of the Broadway and Canal Street corridors for transportation and public realm improvements.
- Advancing the Commercial Waste Zone and Clean Curbs programs to address sanitation and quality of life concerns in the area.