Posted Jan 19, 2012, 9:32 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,890
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http://online.wsj.com/article/SB1000...DDLETopStories
Brooklyn Is Set for a Building Boom .
By LAURA KUSISTO
Jan 18, 2012
Quote:
Developers are rapidly running out of space to build new projects in Manhattan, but brownstone-dotted Brooklyn could be poised for a building boom, according to a new report.
Brooklyn has in the early planning stages as many as 14,000 new residential units in the coming years, compared with Manhattan, where just 5,000 new units are in the early planning phase, according to a new report by Nancy Packes, a consultant to some of the city's largest developers.
That's primarily because Manhattan is running out of new sites that are zoned for residential use, according to Ms. Packes.
Developers, such as AvalonBay Communities Inc., Stahl Real Estate and Douglaston Development already have large new projects planned for downtown Brooklyn and the Williamsburg waterfront in the next few years.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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