City may call for an end to as-of-right hotels in light-manufacturing zones

Industry insider predicts special approvals will be needed

New York /
Mar.March 20, 2015 08:35 AM

Mayor Bill de Blasio has yet to come out with his industrial policy agenda, leaving the city in suspense. But one industry insider predicts that the outcome will be an end to as-of-right hotel construction in light-manufacturing zones, along with a ban on new hotels in industrial business zones.

The described private-sector insider told Crain’s that, effectively, the policy change would require hotel developers to get some sort of waiver or special approval in order to construct hotels in light-manufacturing areas.

This would appease manufacturers, who are discouraged by the proliferation of hotels in such areas driving up land prices and encouraging industrial land-owners to sell. The Hotel Trades Council would also likely support the policy, as non-union hotels have become more and more common in manufacturing areas like Williamsburg and Long Island City.

Finally, the City Council would benefit, as it would increase their ability to demand concessions from hotel projects.

City Council Speaker Melissa Mark-Viverito has been particularly vocal about wanting to preserve industrial zones for manufacturing purposes, while the owners of Industry City recently requested a zoning change so that they can build a hotel on the site. [Crain’s] — Tess Hofmann

 

Related Articles

arrow_forward_ios
CBRE’s Barbara Perrier and Darla Longo (Photo by Kevin Scanlon)
Sister act: How CBRE’s Darla Longo and Barbara Perrier became an industrial force
Sister act: How CBRE’s Darla Longo and Barbara Perrier became an industrial force
DH Property Holdings's Dov Hertz, CBRE Investment Management’s Chuck Leitner and 640 Columbia Street (CBRE, 640 Columbia)
CBRE nears $330M deal for Amazon-leased warehouse in Red Hook
CBRE nears $330M deal for Amazon-leased warehouse in Red Hook
From left: Duke Realty CEO Jim Connor and Prologis CEO Hamid Moghadam (Duke Realty, Prologis, iStock)
$26B Prologis-Duke deal ends cold war
$26B Prologis-Duke deal ends cold war
Redburn Development's Jeff Buell (left) and  Rosenblum Development's Jeff Mirel (right) with 745 Broadway (Redburn, Rosenblum, Red Mark Realty)
Albany industrial district undergoing transformation
Albany industrial district undergoing transformation
From left: Duke Realty chair and CEO Jim Connor; Prologis chair and CEO Hamid Moghadam (Duke Realty, Prologis, iStock)
Swarmed at REIT event, Prologis and Duke mum on mega-merger
Swarmed at REIT event, Prologis and Duke mum on mega-merger
Vanbarton's Justin Kleinman and 103-109 East Burnside Avenue (LinkedIn, Google Maps, iStock)
Vanbarton unloads 3 Bronx properties in busy week for i-sales
Vanbarton unloads 3 Bronx properties in busy week for i-sales
Taurus' Lathan Allen with Sunbelt, Warehouse
Taurus Investment ponies up $174M for Sun Belt warehouses
Taurus Investment ponies up $174M for Sun Belt warehouses
(iStock)
Another big quarter for tri-state warehouses, but party may be ending
Another big quarter for tri-state warehouses, but party may be ending
arrow_forward_ios

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

Loading...