Building Boom in Brooklyn Developing New York City's Most Populous Borough

For a long time, Brooklyn, the fourth largest city in the U.S. with 2.5 million people, has labored in the shadow of Manhattan; often seen as the "other borough," far away from the hustle and bustle of Midtown.

But Downtown Brooklyn happens to be the city's third largest central business district, after Midtown and Lower Manhattan. While Manhattan developers concentrate their efforts on the few remaining parcels of undeveloped land on the island, others are crossing the river and sinking their dollars into Brooklyn soil. Since the first half of 2004, Brooklyn has been receiving more applications for construction permits than Manhattan. Many parts of Brooklyn are experiencing bona fide building booms, according to Christopher Thomas, a realtor with William B. May's Brooklyn office. "After a long period of watching new residential developments go up primarily in Manhattan, there's starting to be quite a bit of development locally in Brooklyn."

According to Rachaele Raynoff, press secretary for the New York City Department of City Planning, in the Greenpoint-Williamsburg area alone, more than 8,000 residential units are planned for the very near future.

"Our department changes zoning to catalyze development," says Raynoff. "We build in incentives to help create affordable housing. We're working not only on rentals, but also with the co-op and condo market in mind."

Residential properties are being developed with commercial help to enact the area's vision and needs, Raynoff continues. In Greenpoint-Williamsburg, for example, developers plan to create access to the waterfront, which currently doesn't exist.

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2 Comments

  • And wait to they travel south of Prospect Park, and get views of the gorgeous bays and Atlantic Ocean that cradles the southern areas of the borough. The areas like Bay Ridge, Bensonhurst, Flatbush, and Sheepshead Bay, where the overwhelming majority of Brooklyn's world famous talent grew up...Then the boom will really take off because the sun shines no better than in those parts of that beautiful borough!
  • I am a 49 year old Brooklynite....was born of Italian and Puerto Ricen parants in 1961. I have seen many changes in Brooklyn.....back in the day when Flatbush and Norstun had many Movie Houses in beatiful buildings...the neighborhoods were all nice families that new everybody.....it was peaceful.....you could leave your windows and doors open....Can you imagine?.....Ive seen it be replaced with more rats and roaches than people.....Dogs being thrown out of the windows with the garbage.....I am so happy I could cry.....I want to see the kids today see how wonderful Brooklyn was and could be again.....Unfortately I no longer live in Brooklyn but I have always love my home....and would love to move back home again someday....