Watch These Brooklyn Bellweather Neighborhoods
One of my pet phrases for northern Brooklynites is ‘south of the park,’ referring to the area of Brooklyn that is south of Prospect Park.
Brooklyn is huge, which is sometimes forgotten in the cool buzz of the north − Dumbo, Williamsburg, Bushwick.
So watch Flatbush, Sunset Park and Crown Heights this fall.
aptsandlofts.com just leased up the new construction rental 346 East 29th Street, eight blocks east of Flatbush Ave on Avenue D, the space leased right away. East Flatbush! The Hudson Companies are developing buildings in both Kensington and Prospect-Lefferts Gardens, south and east of the Park. Many young people have been moving to these areas for a few years and now new buildings are following. Take a look.
Residential and creative commercial real estate are closely linked in the Brooklyn economy. Sunset Park has seen residential tenants and buyers fleeing Park Slope for more affordable housing. Commercial space for some of these folks is located at Industry City in the 30s on the waterfront. The new partnership between the current owners and Jamestown promises to bring huge improvements to the steadily growing, modern tenant base at Industry City. Watch that property.
Many observers feel that the fastest neighborhood change they’ve ever seen is unfolding in the part of Crown Heights located between Atlantic Avenue, Eastern Parkway, Kingston and Classon Avenues with a college graduate invasion. Franklin Avenue restaurant seats are full Wednesday through Saturday night − prime time. Also, watch the 1000 Dean studio and office building and Nostrand Avenue retail in this area.