As the name implies, the group, called the 5th Street Park Coalition, wants a park for the space adjacent to P.S. 751 and currently used as a parking lot for the 9th Precinct on the block... the controversial SoHo/NoHo rezoning this past December.
According to a press release issued afterward by the offices of Council members Margaret Chin and Carlina Rivera, who brokered the plan, this "housing-first rezoning" would create affordable housing on city-owned sites, including on Hudson Street and Fifth Street "under current zoning." (The city press release is here.)
While the Soho/Noho rezoning still faces lawsuits from NYU and local residents, the 5th Street Park Coalition is making its case against the "airspace-clamoring structure for 75 residential units of characterless senior housing." website):
We advocate an underground parking lot for the police department with a public park and playground above it, in collaboration with the DEP, to create more open green space, with a view of the 1905-built Flemish renaissance-revival school (P.S. 751) — to preserve the health of the neighborhood in the midst of many big changes coming soon from other developers.
Nearby development projects include a 21-story office building on Fourth Street at the Bowery ... an 11-story residential building on Second Avenue between Second Street and Third Street... and a 9-story office building on Third Avenue and St. Mark's Place. Not to mention the never-ending condo construction at 75 First Ave. at Fifth Street.