This article was originally published on ReZone, now part of Shovels. ReZone AI tracks real estate-related city decisions nationwide.
1. Major Redevelopment Approved in Queens, New York
The Willets Point Redevelopment in Queens was approved by the City Planning Commission, paving the way for 1,400 affordable homes, a hotel, and a soccer stadium near Citi Field in Queens.
Why it Matters
NYC has suffered from a lack of major rezoning approvals in recent years as political winds shifted against development. If the Willets Point redevelopment moves forward as planned, it will provide a major boost to housing in Queens and possibly set a precedent for future rezonings in the City.
2. Expanding the CBD in Phoenix
Last week, Phoenix expanded its Central Business district from two to twelve square miles, dramatically increasing the geographic area that can benefit from certain redevelopment programs and tax incentives.
Why it matters
Updating the CBD boundary is crucial for Phoenix’s urban development strategy, providing new opportunities for redevelopment and investment within a framework that complies with state law, thus promoting economic growth and urban revitalization in key areas of the city. In particular, the new area opens the Rio Salado area—along Phoenix’s riverfront—for redevelopment.
3. Significant Rezoning in Johnson City, TN
The Tennessee city of Johnson City rezoned a large parcel to accommodate over 800 apartments, shifting it from heavy industrial to Supporting Central Business District which allows for apartment and mixed-use development.
Why it matters
Many Appalachian communities like Johnson City have suffered from a lack of housing in recent years that only accelerated after the pandemic. This rezoning demonstrates a willingness to tackle the problem and add more multifamily housing stock without sprawl.
—The ReZone Team