The industrial zones set aside by Mayor Michael Bloomberg five years ago are having trouble holding onto their boundaries as hotels, superstores, and other retail businesses move into the areas. A recent New York Industrial Retention Network report says that although residential conversion is prohibited in 16 areas in the outer boroughs, as per the Bloomberg administration’s policy, non-industrial businesses are setting up shop there anyway. The report says 39 sites within the zones are non-industrial, including two bowling alleys, an art gallery, and a number of bars in Williamsburg; and a shopping center in East Greenpoint. The industrial zoning was intended to keep real estate prices low, but industrial rents are up to $18 per square foot, which is double the price in 2000. Industrial advocates say companies are being driven out of the city in the absence of zoning enforcement, while a spokesperson for the city’s Department of Small Business Services said some commercial development can be “healthy” for industrial zones.
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TWEETS
- This week, @DouglasElliman dominates @trdny's "Top Residential Agents" list, scoring three of the top five spots. http://t.co/WuwFfoQI 10:26:54 PM May 25, 2012
- Here's some #NYC residential sales data before you head off to the #Hamptons via @trdny http://t.co/41pt08N4 08:54:27 PM May 25, 2012
- Marcia Gay Harden gets $2.8M for #Harlem townhouse listed by@cathytaub of @StriblingNYC http://t.co/pR718yY4 via @trdny 08:47:36 PM May 25, 2012
- Boymelgreen, Africa Israel settle with @AGSchneiderman over 20 Pine St. construction, but face new $20M suit http://t.co/wYyqrfBP via @trdny 08:16:42 PM May 25, 2012

