\nFibre2fashion.com, India
\nJanuary 28, 2014 (USA)<\/p>\n
The Garment Center Historic District has recently been listed on the National Register of Historic Places (NRHP). Known for its pristine collection of 1920\u2019s-era loft buildings as well as the source of recent zoning controversy, the historic district comprises nearly 25 blocks in midtown Manhattan, and roughly spans the area from 34th to 41st Streets, Sixth to Ninth Avenues.
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\nThe Garment Center Historic District contains a total of 251 buildings, of which 215 are listed as contributing properties. Listing on the Register is an honorary designation that makes contributing property owners eligible for participation in certain federal historic preservation tax incentive programs, but does not impose preservation restrictions on affected properties.<\/p>\n
Built almost entirely between World War I and the Great Depression for the garment industry, many of the historic district\u2019s buildings were designed by preeminent architects working during the period, including Ely Jacques Kahn, Emory Roth, Blum & Blum, Schwartz & Gross and Starrett & Van Vleck. These buildings once collectively housed the largest garment-manufacturing workforce in the world.<\/p>\n
The Garment Center has been the source of much controversy since the City Planning Commission\u2019s announcement in February of 2014 that it is planning to unveil a still-pending proposal to ease the stringent zoning restrictions of the Special Garment Center District (SGCD), which is situated almost entirely within the new historic district. Enacted in 1987, the SGCD zoning requires the maintenance of approximately 5 million square feet of space for manufacturing and apparel-related uses. Industry groups and the city estimate that approximately 800,000 square feet is currently being used in such a capacity.<\/p>\n
Landlords have long complained that the zoning is outdated and artificially depresses rents, while textile unions and manufacturers have fought to preserve affordable production space in Manhattan. Market rents for Class B and C office spaces are currently 2 to 3 times those for comparable spaces restricted for manufacturing use. The new zoning regulations are expected to drastically reduce the amount of square footage reserved for manufacturing use to as little as 350,000 square feet, thereby enabling owners to convert existing manufacturing spaces to office use.<\/p>\n
\u201cThe federal historic preservation tax incentive programs now available to contributing property owners offer substantial economic assistance in both the maintenance and\/or conversion of these important historic properties,\u201d explains Trust for Architectural Easements representative Sean Zalka.<\/p>\n
The Federal Historic Rehabilitation Tax Incentive Program provides owners with a tax credit equal to 20% of the costs of a qualified rehabilitation of the historic property. The Federal Historic Preservation Easement Program encourages owners of eligible properties to make historic preservation easement donations to qualified organizations such as the Trust for Architectural Easements. Owners who participate in the Program are eligible to receive federal income tax deductions in exchange for the contractual assurance that they will preserve the building in perpetuity.<\/p>\n
The Trust for Architectural Easements is one of the nation\u2019s largest not-for-profit organizations dedicated to voluntary preservation through easement donations. The Trust protects more than 800 historic buildings across the United States and approximately 550 historic properties in New York.<\/p>\n
Garment Center Historic District<\/p>\n","protected":false},"excerpt":{"rendered":"
Fibre2fashion.com, India January 28, 2014 (USA) The Garment Center Historic District has recently been listed on the National Register of Historic Places (NRHP). Known for its pristine collection of 1920\u2019s-era loft buildings as well as the source of recent zoning controversy, the historic district comprises nearly 25 blocks in midtown Manhattan, and roughly spans the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n