To help compensate for the potential loss of height, the plan would allow a slight increase in maximum floor-area ratio (from 12 to 13), encouraging more building density in the area. And—the final tenet of the rezoning proposal—20 percent of new units would be required to be “dedicated to below-market-rate housing on site.”

So far, the Alliance’s rezoning proposal has some pretty big backers, DNAInfo reports. Borough President Gale Brewer and City Council members Ben Kallos and Dan Garodnick have all said they’d sign off on the plan if it passes the Department of City Planning’s review process.

The Department of City Planning is expected to certify the Alliance’s application “in the next two weeks,” making way for a formal public review process.