Brooklyn — is the development party over?

June 27, 2006 12:00AM

Residential development in Brooklyn may be hitting a wall. Units are failing to sell as quickly as they once did and fewer developers are bidding on vacant sites in the borough, even as land prices drop. Condo prices at 55 Berry Street in Williamsburg, for instance, were cut earlier this month by $128 a square foot to $658 a foot. more [Crain’s]


Comments are closed.