With rents on the rise and the e-commerce industry showing no signs of slowing, the livelihood of small businesses in New York City remains under threat. Council Member Stephen Levin, who represents parts of Brooklyn, hopes to address the high rate of retail vacancies across the city with legislation to regulate commercial rents, as Gothamist first reported. “It’s a complex problem,” Levin, who will introduce a bill to the City Council next week, told the website. “We think it’s time to introduce this into the conversation.”
Rezoning and the promise of public right-of-way on the west Brooklyn Superfund canal could bring an esplanade like Williamsburg’s, a recreation area and lots of new development. The light-industrial zone wedged between pricey Park Slope and Carroll Gardens hasn’t accurately been a polluted flyover zone for decades, but the fact that it now boasts a flagship Whole Foods with a rooftop farm hasn’t gone unnoticed. As 6sqft reported recently, the canal-side enclave, despite the sometimes-fragrant waterway in its midst, is on a par with its neighbors as one of the city’s most expensive neighborhoods. Now Crain’s tells of rezoning plans and lucrative developments that could open the door for a public esplanade and waterfront amenities like those along the Hudson and the East River.