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

Industry insider predicts special approvals will be needed

TRD 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
Craig Solomon

The REInterview: Square Mile’s Craig Solomon on his big bet on studio space, today’s capital stack and the dangers of socialism

The REInterview: Square Mile’s Craig Solomon on his big bet on studio space, today’s capital stack and the dangers of socialism
Amazon CEO Jeff Bezos and the Matrix Global Logistics Park in Staten Island (Google Maps; Getty)

Amazon inks huge deal for 975K sf warehouse

Amazon inks huge deal for 975K sf warehouse
Matrix Global Logistics Park site on Staten Island (Matrix Companies, Google Maps, iStock)

Industrial leasing surges in NYC as other sectors flounder

Industrial leasing surges in NYC as other sectors flounder
Investors turn to the cold storage market (Credit: iStock)

Investors heat up cold storage market

Investors heat up cold storage market
From left: 580 Gerard Avenue and buyer Joshua Schuster of Silverback Development, and 437-441 164th Street with buyer Jason Friedland of Westrock Development (Google Maps)

Bronx scores only mid-market deals in past two weeks

Bronx scores only mid-market deals in past two weeks
HelloFresh’s NYC HQ (Courtesy of Industry City, HelloFresh by Eric Laignel)

HelloFresh inks Industry City deal for content studio

HelloFresh inks Industry City deal for content studio
Amazon CEO Jeff Bezos (Getty)

Amazon to open 100 more distribution centers this month

Amazon to open 100 more distribution centers this month
Traub Capital's Brian Crosby and 27-11 49th Avenue in Long Island City (Images via Traub and Google Maps)

Traub Capital pays $75M for LIC cosmetics plant

Traub Capital pays $75M for LIC cosmetics plant
arrow_forward_ios

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

Loading...