"NYC Kicks Off Plan to Rezone Midtown" Bloomberg
"New York City is rolling out a plan to convert vacant offices into as many as 20,000 new housing units by creating a multi-agency group to help developers cut through red tape and rezoning a section of Manhattan known as Midtown South."
"The plan would also allow office-to-housing conversion in any area of the city where residential construction is allowed."
"City officials conceded that state approval will still be necessary to create a substantial amount of new homes through office-to-residential conversions."
Full Article Link: https://www.bnnbloomberg.ca/nyc-kicks-off-plan-to-rezone-midtown-turn-offices-into-housing-1.1960298
Hopefully Toronto will soon follow. It only makes sense if we have too much office space and too little housing.