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Old Posted Apr 7, 2017, 3:30 AM
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Quote:
Originally Posted by scalziand View Post
Yes, I remember a while back when DoBro was supposed to be the relief valve for pent up office demand from the "built-out" midtown and downtown districts. Then Hudson Yards and the midtown rezoning happened.
It's the same case as Long Island City. For years, the city has been pushing both locations as a "backup" to Mid and Downtown Manhattan, something to compete with the outer offices popping up in New Jersey. The Hudson Yards and Midtown rezoning happened years after, and are really for different purposes (the companies you see signing in Midtown Manhattan and Downtown for corporate offices were never intended to move to LIC or BK).

But the wrench in the BK and LIC plan was the explosion of residential development, which still continues today. However, its that residential development (and the changes that come with it) that made both areas more attractive for office space, and now the planning is starting to take shape. Brooklyn's low office vacancy rate has developers taking note.
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