On the Market

East Bushwick Development Site Could Be Catalyst for Change

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A 105,000-square-foot development site surrounding the Weirfield Coal Company site at 386 Weirfield Street in East Bushwick is on the market for $8.5 million, creating an opportunity for a huge residential development in a neighborhood that is evidently next in line for the gentrification pushing south through northern Brooklyn along the L subway line.

It started with the Bedford stop in Williamsburg.  More recently it took hold along the Jefferson and Morgan Avenue stops in northern Bushwick.  Now “it’s just a matter of time” before changes grip the area surrounding the Halsey Street subway stop, said Massey Knakal Director of Sales Michael Amirkhanian, who is exclusively marketing the site.

“It doesn’t take a rocket scientist to see that this is moving further south,” he said. Read More