Monday, January 15, 2007

Mega Projects Around Brooklyn

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The Post takes a look at the Brooklyn real estate game today and notes some of the projects making it hot. A sample:
Bruce Ratner last month received final state approval to break ground on the largest development project in Brooklyn's history: a $4 billion plan to build an NBA arena and 16 skyscrapers along the Prospect Heights/Fort Greene border.

Another hot-shot developer, Joe Sitt, continued to gobble up properties along the Coney Island boardwalk - including the famous Astroland Park - as part of his $2 billion bid to turn the rundown summer amusement area into a Vegas-style, year-round entertainment complex.

And while Brooklyn's commercial real-estate market continued to boom, residential sales did even better - despite a market slowdown nationwide.

The most interesting thing, though, about the article is the map, which is fun for those that are visually inclined. We've reproduced a smaller version above, or click here to see the full-size image.

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