City Council signals support for restricting hotel development

The measure seeks to curb hotels in industrial zones

TRD New York /
Nov.November 01, 2018 06:30 PM

Corey Johnson and Bill De Blasio with the Four Seasons Hotel at 57 East 57th Street (Credit: Getty Images)

The de Blasio administration’s plan to restrict new hotel projects may be gaining traction.

City Council leaders signaled support for the resolution that would require developers to go through a public review process before opening a hotel in light manufacturing districts, Crain’s reported. At a subcommittee hearing, the Department of City Planning argued that hotel development has pushed out other uses in industrial zones.

Council Speaker Corey Johnson voiced support for the measure, which will be put to a vote in the coming weeks, the report said. Some members, though, had concerns that the initiative would allow the creation of hotel-style homeless shelters without public review.

Developers could later convert those projects to standard hotels and use the special permit process or appeal to a land-use body that grants exceptions to the zoning code, the report said.

The move to restrict hotel development has been opposed by hotel and real estate groups, which have argued that hotels comprise only a small portion of development in industrial areas. Opponents have said the measure would hurt tourism and make it more difficult to develop lower-priced options.

According to a recent analysis by The Real Deal, there are currently about 490 million square feet are available for as-of-right hotel construction in the city. The zoning change would reduce that to 270 million square feet. Restricted from residential and medium-to-heavy manufacturing zones, hotels have historically been built mainly in commercial districts, and in light manufacturing zones to a lesser extent. [Crain’s] — Meenal Vamburkar


Related Articles

arrow_forward_ios
Andrew Florance, CEO of CoStar (Photo by Jeffrey MacMillan for the Washington Post)

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts
An institutional investor’s sale of a 7 percent stake in an exchange-traded real estate fund reveals deep concerns about the sector. (Credit: iStock)

Mystery investor dumps big stake in real estate fund

Mystery investor dumps big stake in real estate fund
Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off
CEO Andrew Florance (Credit: CoStar via YouTube)

CoStar buying Ten-X for $190M

CoStar buying Ten-X for $190M
Small landlords, such as Jan Lee, a New York landlord who owns two buildings, say Wall Street players will take their place unless rent relief comes soon. (Credit: Twitter; background via BRYAN R. SMITH/AFP via Getty Images)

Small landlords call for rent relief package, fearing Wall Street takeover

Small landlords call for rent relief package, fearing Wall Street takeover
Cohen Brothers Realty president and CEO Charles Cohen and Cushman & Wakefield Chairman of Global Brokerage Bruce Mosler

Hear from billionaire Charles Cohen on today’s TRD Talk

Hear from billionaire Charles Cohen on today’s TRD Talk
Northwind's Ran Eliasaf

Northwind Group launches $220M debt fund focused on NYC

Northwind Group launches $220M debt fund focused on NYC
(Credit: iStock, Pixabay)

NY bill would let businesses take temperatures, refuse entry

NY bill would let businesses take temperatures, refuse entry
arrow_forward_ios

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

Loading...