Did the city lose out on 1,000 housing units in Midtown South?
Chair of Herrick's Land Use & Zoning Group, Mitch Korbey, was quoted in The Real Deal discussing the newly approved Midtown South Mixed-Use Plan from the NYC Department of City Planning.
The rezoning area is home to nearly a quarter of New York City’s fashion manufacturing and wholesale jobs. That is equal to about 2,300 jobs, representing less than 2 percent of the area’s total jobs and an 80 percent decline in the sector over the previous two decades, according to City Planning. Some have questioned the wisdom of trying to plan around these garment-focused businesses, given this decline.
"This area has long since ceased to include any meaningful manufacturing activity, let alone garment factories or assembly," Herrick’s Mitch Korbey said in a statement last week.