The Leather District: a Revitalization Plan

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Zoning Board of Appeal . Since residential use is conditionally allowed, the Zoning Board of Appeal will play a key role in adopting a concept plan for the Leather District. The Board must review and approve all residential conversion. The Board, there- fore, should review and comment on the proposed concept plan iden- tified on Map 3 and Table 2.
5. Analysis/Issues Land Use Changes 1. LAND USE CHANGES. The esti- mated square footage of building space occupied by various land uses as of 1978 is
... indicated on Table 3. Storage and office warehouse use (primarily leather- related) account for some 34% of the building space. Light manu- facturing occupies 21.5%, residential (primarily the Essex Hotel) 11%, retail and other 9% of the occupied space.
The vacancy rate in 1978 was estimated to be 8%.
Until recently, most property owners (Map 4) in the Leather District were considering holding their property for office redevelopment. Between 1971 and 1976 only 5 properties were sold.
The high costs of carrying this pro- perty , the lack of any current demand for acquisition for redevelopment for office or some other use, such as an arena, and the increasing pressure for building preservation and reuse is creating conditions where many of the smaller property owners are now selling their property.


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