The Real Deal New York

Brooklyn’s (next) boom

Hudson Companies leads charge as developers ‘hit the gas’ and move deeper and deeper into borough

September 10, 2015 10:00AM
By E.B. Solomont


From left: Greenland Forest City Ratner Partners’ 550 Vanderbilt in Pacific Park and Hudson Companies’ Gowanus Green

From the September issue: Take a good look at the Brooklyn skyline, because what you see won’t be there for long. Fueled by a frothy economy and unrelenting demand, developers hit the gas on residential projects over the past 18 months.

Overall, Brooklyn development topped 41.6 million square feet— second only to Manhattan — spanning nearly 600 projects and 45,359 apartments, according to The Real Deal’s analysis of building permits and offering plans filed between Jan. 1, 2011 and July 31, 2015. [more]