City moving forward with plan to limit hotels in industrial zones

City Planning Commission began public review process on Monday

New York /
Apr.April 27, 2018 10:15 AM

The Gansevoort Hotel in Meatpacking (Credit: Gansevoort Hotel Group)

The city is advancing legislation that would require hotels to get a special permit to build in industrial areas.

The City Planning Commission began the public review process on Monday for the proposal, which would make it harder for developers to construct hotels on land that is zoned for manufacturing, according to Crain’s.

Some planning experts have criticized the bill as an attempt to limit hotel construction despite record high tourism in New York City. Some hotels in manufacturing zones have also been credited with revitalizing their neighborhoods, such as the Gansevoort and Standard in the Meatpacking District and the William Vale and Wythe in Williamsburg.

Members of Bill de Blasio’s administration argue instead that industrial businesses offer high paying jobs and mobility to people who do not have a college education.

The City Council would have to approve the special permit, and members have expressed support for the idea.

However, Mitch Korbey, an attorney at Herrick’s, told Crain’s that fears of hotels taking away manufacturing jobs were overblown.

“Hotels built in manufacturing zones have created many more jobs and sparked much more economic development than they have displaced,” he said. “The loss of thousands of manufacturing jobs in the city over the years has nothing to do with zoning or hotels.” [Crain’s]Eddie Small


Related Articles

arrow_forward_ios
News of President-elect Biden’s $1.9T stimulus plan held promise for employment and economic activity. (Getty)

Real estate stocks hold gains even as market doesn’t

Real estate stocks hold gains even as market doesn’t
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
Sen. Charles Schumers aid President-elect Joe Biden agreed to assist NYC. (Getty)

NYC loses $2.5B in property taxes, gets $1B from FEMA

NYC loses $2.5B in property taxes, gets $1B from FEMA
President-elect Joe Biden's relief plan focuses on the coronavirus and opening schools. (Getty)

Biden’s $1.9T package would extend eviction ban, boost rent relief

Biden’s $1.9T package would extend eviction ban, boost rent relief
Gov. Andrew Cuomo announced that a major development surrounding Penn Station. (Getty)

Cuomo adds housing to $51B Midtown West project

Cuomo adds housing to $51B Midtown West project
Eric Trump and Donald Trump Jr. with President Donald Trump (Getty)

These are the companies dumping the Trump Organization

These are the companies dumping the Trump Organization
Ray McGuire photographed by Axel Dupeux.

The Closing: Ray McGuire

The Closing: Ray McGuire
Sen. Jabari Brisport (Photo via Jabari for State Senate; iStock)

Socialist notches key NY Senate appointment

Socialist notches key NY Senate appointment
arrow_forward_ios

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

Loading...