Planning society suggests measures to upkeep Garment District

New York /
Oct.October 14, 2011 11:14 AM

The city’s fashion industry generates $9 billion in total wages and contributes $1.7 billion in annual tax revenue, a new report by the Municipal Art Society on the Garment District shows, but it’s losing steam thanks to high rents and competition in manufacturing in other countries, particularly Asia.

“New York risks losing it all unless we focus on our core strengths and learn from our competitors; implement smart strategies; find efficiencies in the existing systems; invest in the human and physical infrastructure; and pool the intellectual, creative and financial resources of all the district’s key constituencies,” said Vin Cipolla, president of the Municipal Art Society. “If we do that successfully, the future of our fashion industry can serve as a model for job creation efforts across the U.S.”

MAS’ recommendations for the Garment District include a marketing campaign and various other real estate-related initiatives. A lack of affordable space is one critical issue, the report says.

“In an effort to secure affordable space, manufacturing tenants should be consolidated into several buildings. The total building capacity of the nine buildings with the most amount of occupied manufacturing space would be sufficient to host the total amount of manufacturing space within the garment center zoning district, approximately 1.34 million square feet,” it says.

MAS also proposes changing the zoning in the area in order to increase value for property owners.

It was recently reported that the the local business improvement district is trying to attract nightlife to the area in an effort to bolster the Garment District from an area run by workday commuters into a 24-hour destination. — Katherine Clarke


Related Articles

arrow_forward_ios
The village of Airmont will stop enforcing zoning provisions which the Department of Justice alleges discriminate against Jewish residents.(Airmont)
Rockland County village rolls back “discriminatory” zoning
Rockland County village rolls back “discriminatory” zoning
The building is near Herald Square and Penn Station. (Google Maps)
NYC sues Garment District landlord over tenant’s alleged prostitution activity
NYC sues Garment District landlord over tenant’s alleged prostitution activity
(Illustration by The Real Deal)
How builders are changing America’s suburbs to fit the times
How builders are changing America’s suburbs to fit the times
338 West 39th Street and Sam Chang (Photo via Google Maps)
Sam Chang sells Garment District hotel site for $32M
Sam Chang sells Garment District hotel site for $32M
(iStock)
State should stop exclusionary zoning in New York suburbs: report
State should stop exclusionary zoning in New York suburbs: report
Savanna’s Chris Schlank and Nick Bienstock with 1375 Broadway (Credit: Google Maps)
Savanna closes on Garment District office with $388M loan
Savanna closes on Garment District office with $388M loan
Clockwise from top left: Barbara Askins of 125th Street BID, Dan Biederman of 34th Street Partnership and Jessica Lappin of Alliance for Downtown New York
Business leaders see trouble as homeless flock to Manhattan hotels
Business leaders see trouble as homeless flock to Manhattan hotels
Justices Ellen Gesmer and Anil Singh with a Two Bridges Rendering (NY Courts)
Judges question need for public review of controversial Two Bridges projects
Judges question need for public review of controversial Two Bridges projects
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...