HotProperty this week notes that "the nation is losing approximately 200,000 rental housing units each year due to demolition,significantly compounding the ongoing housing affordability squeeze gripping millions of families." A Harvard study, just released, highlights gentrification as the terminator of low cost rentals and affordable housing across the nation. A perfect example: Good ole Williamsburg and Greenpoint!
Exactly what is the Brooklyn Navy Yard anyway? Well, the Village Voice had a close-up on the area and it seems they had a little trouble finding out as well. Instead, like many other these days, they wound up explaining more about everything outside of the Navy Yard itself- such as the Chocolate Factory Lofts and all the warehouses that surround the area. They did good, however to mention Mojitos, the Cuban restaurant close by. That place is damn good! In fact, it might be the best reason for moving over to that ghosttown.
According to the Sun (and Real Deal agrees), the presence of Israelis in New York creates a spike in real estate. They even go so far as to add that Manhattan (excuse me, City Mountain) should be called "Little Tel Aviv." Hmmm...don't see that going over so well...
Demolition started yesterday at Atlantic Yards, Bruce Ratner's $3.5 billion development project in Prospect Heights [Real Deal]. In the NY Post, the Underberg building was under the magnifying glass as opponents try to save it from the wrecking ball. Ratner won't hear a word of it as he has everyone believing that the site (1 of 6 he is looking to level) is a public hazard.
and finally... Bushwick is the NEXT new neighborhhood....well, according to these guys, these guys...oh, and these. justiNYC lived there 2 years ago. So...i guess that makes me ahead of the times. (btw. the Times had the flagship article on the topic)