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City Eyes 4.5M SF MXU on Governors Island

The city is taking the first steps toward enabling what could be 4.5-million square feet of mixed-use development on the southern portion of Governors Island, the former military base in New York Harbor. It has issued a notice for the first public hearing on a proposed rezoning, to be held Sept. 26 at the Battery Maritime Building in Lower Manhattan.

“This rezoning represents the next step in marrying the Island’s rich history with its future role as a global hub for convening, the arts, tech, and education,” said Alicia Glen, deputy mayor for housing and economic development. A 43-acre park was completed in 2016, some six years after the city took control of the island.

The Sept. 26 hearing on the rezoning will be the first step in what’s likely a year-long public review process. A vote by the City Council is projected for fall 2019.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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