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NEW YORK CITY-Retail brokers gathered in the Fashion Center yesterday and were told to get the word out about the availability and potential of buildings throughout the city's Garment District. The reoccurring theme was what is currently being said about this area was once used to describe Manhattan's now hip and trendy areas that this area now mimics.
"There is mid-block loft potential in this area like no others left in Manhattan," David Picket, president of Gotham Organization, Inc., and a speaker at the Luncheon. "This area is what SoHo and Tribecca were 20 years ago."
According to Gerald Scupp, deputy director of The Fashion Center Business Improvement District, the area, roughly between Seventh Ave. and Ninth Ave. stretching from 36th St. to 39th St., is zoned for about 9 million sf of manufacturing space, but needs roughly only 1.5 million sf of space to accommodate what's left of garment manufacturing. That poses a quandary for developing the area because of special Garment District zoning laws.
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