Frederick Douglass Boulevard “steadily blossoming”

The Livmor

Frederick Douglass Boulevard is “steadily blossoming” in the years since its 2003 rezoning, according to the Wall Street Journal. Developers, like that of the 80-unit condominium 2280 FDB, the Douglass, the Livmor and SOHA 118, have capitalized on their newfound ability to build high-rise housing with expanded ground-floor retail space, transforming an area once dominated by vacant lots and boarded-up buildings. Developers like the area because land is cheaper, and buyers are lured by comparatively low prices: new condos fell to as low as $600 to $750 per square feet for a one-bedroom with the weakening of the real estate market. Hans Futterman, founder of development firm RGS Holdings, the development manager of 2280 FDB, said around 250 new condominium units have either been recently completed or are under construction on the corridor between 113th and 124th streets. [WSJ]

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