The Real Deal New York

Fourth Avenue on slippery Slope

By Gabby Warshawer | November 12, 2008 02:18PM

From the November issue:
For the last few years, Brooklyn’s Fourth Avenue has been billed as the next frontier of gentrification. The addition of new luxury condos, funky restaurants, coffee shops and pubs that have popped up on the six-lane thoroughfare has received intense attention from both Brooklyn apartment hunters and real estate observers. However, while the city’s 2003 rezoning drastically altered the stretch with a raft of new buildings — most of them the maximum allowable height of 12 stories — the type of Development On Fourth Avenue is now changing.

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