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Street Meat Goes Corporate CRAINSNEW YORK BUSINESS Waste carter’s key to success: No carting P. 8 | The List: Top women-owned businesses P. 13 | Rising wages lift all jobs P. 14 NEW YORK BUSINESS® MARCH 5 - 11, 2018 | PRICE $3.00 STREET VOL. XXXIV, NO. 10 WWW.CRAINSNEWYORK.COM MEAT GOES CORPORATE Big chains make entrée into city sidewalk vending PAGE 16 NEWSPAPER P001_CN_20180305.indd 1 3/2/18 8:18 PM POSITION YOURSELF FOR EXCELLENCE 30th and 31st tower floors available A total of 22,578 RSF, with the option to divide • Class A office tower with a premier Fifth Avenue location • Sweeping river-to-river views, abundant natural light • Column-free efficient layouts • Landlord may consider build-to-suit New high-end innovative pre-builts Ranging from 2,820 RSF to 6,368 RSF • High-end design and finishes • Move-in condition 100% commission paid on lease execution Barry Zeller Haley Fisher Jonathan Fales Michael Tranfalia Pierce Hance 212.841.5913 212.841.7892 212.841.5989 212.841.5981 212.841.7641 www.650FifthAvenue.com CN018551.indd 1 2/15/18 12:13 PM MARCH 5 - 11, 2018 CRAINSNEW YORK BUSINESS ON THE COVER PHOTO: BUCK ENNIS FROM THE NEWSROOM | ERIK ENGQUIST | ASSISTANT MANAGING EDITOR Congestion suggestions “AS A NEW YORK resident living near the Koch Queensboro Bridge,” reader Win Shef- eld recently emailed me, “I can hardly wait for congestion pricing.” Sheeld raised sev- eral issues, including relief for Long Island residents, adding parking near transit hubs and potentially restricting delivery times. He then asked, “What kind of parking facilities can be provided near mass transit to make life easier for those who normally would drive? On the delivery side, could we consider restricting hours?” P. On the rst question, it is unlikely that park-and-ride facilities 6 will be added to the ones that already exist. e land around train stations is far too valuable to be used for parking. Rather, it is being IN THIS ISSUE eyed—as it should be—for transit-oriented development, namely 16 FAST-FOOD CARTS apartment buildings with shops and restaurants to which residents UP FRONT Connecting small operators with big brands, a tech rm of those buildings could walk. 4 EDITORIAL brings franchises to city Existing park-and-ride lots in the northern and eastern suburbs The mayor needs more allies sidewalks gure to eventually be converted into housing and commercial dis- in ght for affordable housing 20 GOTHAM GIGS tricts as well, because rides to the train station in the future will be 5 IN CASE YOU MISSED IT This star chef is There’s been a drop in the in shared, automated vehicles. Driverless cars won’t need parking cooking up something number of idle young adults because they will spend most of their time picking up and dropping big at Northwell Health o customers. Even now that role is increasingly being handled by 6 REAL ESTATE Uber, Ly and the like. Property owners turn to tech for efciency’s sake Restricting deliveries has been pondered for years, and the de Blasio administration is exploring ways to do it (see Fine Print, page 7 HEALTH CARE Brooklyn hospital restructuring 4). e drawback of nighttime deliveries is that businesses would could benet SUNY Downstate have to add sta to receive the shipments. But that cost would be 8 SPOTLIGHT oset by the savings from more ecient deliveries, as trucks would A waste-management app reach them faster and avoid parking tickets and congestion fees, as- looks to recharge carting suming the state ever gets around to pricing Manhattan’s precious 9 TRANSPORTATION street space. at, Mr. Sheeld, would be a win all around. City Council bill could kneecap Uber and Lyft; another taxi lender is closed 10 VIEWPOINTS Three tech amigos need P. ARTS & CULTURE BREAKFAST company; N.Y. and N.J. should 20 MARCH 15 collaborate to win HQ2; cut 21 SNAPS the cost to save Gateway Photos from the city’s biggest Finding funds from fundraisers and charity events nontraditional sources 12 INSTANT EXPERT How changes to wetlands and 22 FOR THE RECORD Join Andrew Ackerman of the Children’s ood maps might affect N.Y. Our tally of the week’s buys, Museum of Manhattan and other busts and breakthroughs industry leaders to discuss strategies 13 THE LIST for building supportive partnerships The metro area’s largest 23 PHOTO FINISH with noncultural agencies, such as women-owned companies Preservation group aims the Sanitation, Transportation and to stymie JPMorgan Chase’s Correction departments. FEATURES new Midtown ofce building CON EDISON CONFERENCE CENTER 14 RISING WAGES CORRECTION New Yorkers are getting RXR Realty is based in Uniondale, N.Y. The loca- 8:30 to 10:30 a.m. paid more—especially the tion was misstated in “Developers cashing in [email protected] lowest-paid near Fort Greene Park,” published Feb. 26. Vol. XXXIV, No. 10, March 5, 2018—Crain’s New York Business (ISSN 8756-789X) is published weekly, except for double issues the weeks of Jan. 1, June 25, July 9, July 23, Aug. 6, Aug. 20 and Dec. 24, by Crain Communications Inc., 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York, NY, and additional mailing ofces. Postmaster: Send address changes to: Crain’s New York Business, Circulation Department, PO Box 433279, Palm Coast, FL 32143-9681. For subscriber service: Call 877-824-9379. Fax 313-446-6777. $3.00 a copy, $99.95 one year, $179.95 two years. (GST No. 13676-0444-RT) ©Entire contents copyright 2018 by Crain Communications Inc. All rights reserved. MARCH 5, 2018 | CRAIN’S NEW YORK BUSINESS | 3 P003_CN_20180305.indd 3 3/2/18 8:10 PM MARCH 5, 2018 AGENDAThe mayor has enough enemies. Who needs friends like these? his just in: Being mayor of New York City is tough. It is even tougher for Bill de Blasio, whose missteps, stubborn- ness and occasional hypocrisy inspire even more criticism than the ample amount every mayor gets. e governor and Tthe Republicans and Democrats who control the state Senate cannot stomach him, and City Council Speaker Corey Johnson ascended to his post in January in part by vowing to stand up to de Blasio, who favored other candidates. Term limits will further erode the mayor’s political BUILDING CREDIBILITY: capital as he enters the lame-duck stage of his tenure. Inwood leaders Given these factors, the mayor at least needs support for his eorts must not demand housing subsidies from the people they would benet, especially low-income New York- that other areas ers seeking aordable housing. Yet in most cases they have emerged as can’t do without. opponents to the rezonings he is trying to push through, one neighbor- hood at a time. Take Inwood, where the mayor would let developers haust precious subsidies where they weren’t needed. Councilman Ydan- build more apartments than currently allowed if enough of the units is Rodriguez last year shot down an Inwood project that t the may- have discounted rents. Fearing gentrication, locals are pressuring the or’s model, daring the developer to build a smaller, 100% market-rate mayor to use taxpayer subsidies instead. project that requires no council approval. A rm is doing that in Cobble Setting aside the fact that adding supply Hill because Councilman Brad Lander eases rather than elevates housing prices, People who would benet from demanded too much in exchange for the city’s pot of public subsidy funds is lim- rezoning the site of a former hospital. ited. Dollars spent in Inwood could not be de Blasio’s housing policy have Desperately needed housing units used in areas where the housing market is been its most vocal opponents are also going unbuilt because Albany not strong enough to subsidize rents, such imposes a density limit on New York as the South Bronx and the North Shore of City and nowhere else. Some council Staten Island, where rezonings are underway. members support a bill to li that cap but undermine their credibility De Blasio explained that during a radio interview last month, but by killing projects in their districts that exceed typical heights. De Bla- he needs more backup from credible voices in neighborhoods. Coun- sio needs them and other civic leaders to take an enlightened view to cilwoman Laurie Cumbo in Crown Heights seemed to be one, but then have any chance in Albany. e folks up there do not seem likely to take she folded like a cheap umbrella in a storm, forcing the mayor to ex- his word for it. — THE EDITORS FINE PRINT Deliveries to congested neighborhoods will be limited beginning March 19 in Brooklyn and Queens and April 2 in Manhattan. One side of the street will be off-limits—and both sides during rush hour. But the food, hospitality and trucking industries say the new rules will reduce safety and the compressed schedule will increase congestion as trucks double-park or circle until their time-limited window opens. BY GERALD SCHIFMAN STATS NEW YORK’S craft brewery scene continues to be frothy—particularly in Brooklyn and SOMETHING BREWING Queens—fueled by changing tastes and 25 WORDS OR LESS state incentives enacted in 2013. AND T Number of breweries in the NUMBER OF BREWERIES IN EACH BOROUGH city (in 2011 there were three, all in Brooklyn) Bronx Brooklyn Manhattan Queens Staten Island 42 H E CITY It’s like taking 20 “ Minimum portion of New York– 20 % grown hops and other ingredients the jacket off 20 needed for brewers to legally serve beer by the glass, open 15 branch ofces and sell beer at tasting 11 rooms, restaurants and shops a poor person” 10 —Ai Weiwei, artist, decrying the Metropolitan Museum of Art’s new Craft brewers’ share 5 $25 entrance fee for nonresidents, % of all U.S.
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