City May Restrict New Hotels in Industrial Zones

The de Blasio Administration is likely to ban as-of-right hotel development in industrial business zones and light manufacturing zones, according to a self-described private-sector insider. Manufacturers who rent in industrial zones are peeved that hotels have caused land values to shoot upward and about their landlords selling the sites, Crain's reports. The Hotel Trades Council would likely get behind the plan, since they’ve been a big center of non-union hotel development. The developers of Industry City in Sunset Park are asking for a rezoning that would let them build a hotel. [Crain's]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Supertall Assemblage Comes Together At Long-Vacant Midtown Site: The N.Y. Deal Sheet

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

Former Randolph Event Venue Planned For 200-Room Hotel, Theater

Banks Are Manhattan's Latest Hot Retail Tenant

Gaming & Leisure Stays Bullish On Bally's Casino Project Despite Delays

Brookfield, CPP Complete $5.2B REIT Buyout, Pick Up U.S. Logistics Assets

Gencom-Led Partnership Acquires InterContinental Hotel In Downtown Miami

Taiwan Semiconductor Manufacturing Co. Could Expand In North Texas

RXR Marketing Executive Lauren Maturo Dies At 32

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Meet Bisnow's 2026 New York Power Women Honorees

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards