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Q&A
Estimated housing yield from focusing on low- and mid-rise development
1:32:54
·
70 sec
Commissioner Shams DaBaron asks Vishaan Chakrabarti about the potential number of housing units his proposed approach could generate. Chakrabarti estimates around 520,000 units, primarily from mid-rise (50-60 unit) buildings, highlighting the need to unlock suitable sites and empower smaller developers to build at this scale.
- The bulk of potential units (~330,000) identified were in mid-rise buildings.
- Smaller low-rise buildings contributed most of the remainder.
- High-rises and office conversions offered limited potential in this analysis.
- Realizing this potential requires enabling sites and builders for mid-scale projects.
Shams DaBaron
1:32:54
Do give me the last question, I think.
1:32:56
Okay.
Richard R. Buery Jr.
1:32:56
Thank you.
Shams DaBaron
1:32:57
So I wanna ask you, like, if you were doing it the way that you're proposing, what is like, what do the numbers look like?
1:33:07
What do, like, what do the unit numbers look like with that?
1:33:11
Sure, commissioner.
Vishaan Chakrabarti
1:33:11
So, that, proposal and I can send you I I think this your staff has it on the on the Charter Revision Commission.
1:33:19
They can send you the link to the article.
1:33:21
It generated about 520,000 new units of housing across the city.
1:33:27
About 330 of those 330,000 of those came from mid rise, so about, you know, 50 to 60 unit housing projects.
1:33:36
The rest mainly came from those smaller scale ones.
1:33:38
So not a lot from high rises, very little from office to residential conversion for a lot of reasons we can talk about.
1:33:46
And and so, again, how we get that mid rise engine working means, both sites that we need to unlock and a smaller scale development community that needs to be able to do these things at the community level, not just at the kind of level of big glassy towers in Manhattan.