The Brooklyn Bridge Park price bump

New York /
Oct.October 25, 2010 10:30 AM


Foot traffic is helping sales for nearby projects


From left: Brooklyn Bridge Park, Lisa Gomez of L+M Development Partners and a map of the southern portion of Brooklyn Bridge Park and Columbia Waterfront

From the October issue: In the 1950s, Robert Moses excised a patch of Brooklyn waterfront from the larger brownstone neighborhoods of Carroll Gardens and Cobble Hill, using his preferred surgical tool: a highway. The BQE created a nameless neighborhood — part industrial, part residential — that one real estate agent calls “the orphan.” Today, a jewel of a city park is shedding light onto a renewed Columbia Waterfront.

The majority of the 85-acre Brooklyn Bridge Park forms Brooklyn Heights’ undercarriage, but its southern tip stretches to Columbia Waterfront, where it’s sparking condo sales and interest from developers in previously dormant sites.

Two sizable projects are nearing completion; a third site will likely begin development once the market absorbs the first two properties. Meanwhile, just inside the park’s footprint, One Brooklyn Bridge Park saw an unseasonal summer surge in activity. [more]

 

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