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Roundtable: Upscale hotel development prioritizes limited service
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Courtyard by Marriott Lower Manhattan, New York City
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MAY 7, 2007

SERVING THE REAL ESTATE NEEDS OF THE APPAREL INDUSTRY

- Fashion Mannuscript


The former garment district, once home to hundreds of design and manufacturing firms, has changed drastically in recent years. The area, commonly referred to today as Times Square South, extends from Madison to Ninth Avenues and from 23rd to 42nd Streets. With space becoming increasingly expensive and garment manufacturing having largely moved to low-wage countries, the district has evolved into a prime location for office, retail, residential, and hotel development and redevelopment projects. As a result, the apparel and manufacturing industries that choose to remain in the area sometimes constitute an overlooked and underserved market niche.

 

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2007-May