From the June issue: Much like once-obscure Soho in the 1980s, Bushwick is a magnet for today’s artists and hipsters. And real estate players are now hoping to get in on the action.
Developers are salivating over sites in Bushwick, industry experts said, especially as nearby Williamsburg has transitioned from a gritty industrial area to an expensive residential neighborhood. Bushwick is still relatively affordable in comparison, but is seeing strong demand for rental housing. [more]