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Real estate groups have not taken a position on the referendums.
Real estate groups typically oppose so-called living-wage requirements, arguing that they stifle development and hinder private investment.
Though smoke-free housing legislation is hailed by many nonsmokers as a step toward healthy living, it has drawn opposition from smokers and real estate groups.
There are also a number of real estate groups interested in buying the complex, real estate executives said, including the Related Companies and Apollo Real Estate Advisors.
Real estate groups have formed a coalition and started a $500,000 campaign against the tax increase using direct mail, phone banks and newspaper advertisements.
"Residential development is a gold mine for real estate groups, so the manufacturing zoning has always been a partial protection for us," Mr. Winestine said.
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Dewey's real estate group represented the Lower Manhattan Development Corporation in the World Trade Center redevelopment.
Jeremy Cohn, for example, has been hired by Lazard Freres' real estate group.
This year, the real estate group plans to remarket the residences as full-ownership units.
Belpointe's real estate group developed Beacon Hill of Greenwich, a luxury gated community where the properties run around $2.5 million.
Until 2010 he was also an associate in the real estate group at Debevoise & Plimpton in New York.
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