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New York & Tri-State  + Industrial  |  June 5, 2018
Paul Bubny
By: Paul Bubny

City Seeks Rezoning for Garment District

The de Blasio administration plans to rezone Manhattan’s Garment District, with the targeted zoning changes set to begin public review next week. It’s part of a package of support for fashion production in the district, with other initiatives including a tax incentive program and a public-private partnership to buy a property that would be dedicated to garment manufacturing.

Offered through the city’s Industrial Development Agency (IDA), the tax incentives would require property owners to offer garment manufacturers 15-year leases with a maximum gross rent of $35 per square foot, which includes utilities and other expenses. The 3P would include up to $20 million of city capital, and would entail a partnership with a nonprofit to operate and manage the building as a dedicated production facility.

“This package will help keep the fashion industry anchored here in New York,” said Manhattan Borough President Gale Brewer.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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