Bay Ridge slowly follows Brooklyn’s gentrification blueprint — drawing younger buyers

Aug.August 31, 2012 10:00 AM

Unlike many of its Brooklyn neighborhoods, Bay Ridge has experienced a more gradual gentrification. While the pace is quickening, the waterfront neighborhood deeper in Brooklyn still retains some of its old charm, according to the Wall Street Journal.

Though the area is primarily home to Irish, Italian and Scandinavian families that have lived there for generations, younger buyers priced out of their first-choice Brooklyn neighborhoods have begun to descend upon Bay Ridge.

“The biggest draw for newcomers is the tremendous amount of quality housing stock that runs the gamut,” Claire Saliba, a broker with Corcoran Group, told the Journal. She listed at least five different housing types common in the area.

Of course, new business are following in the footsteps of the Italian establishments and Irish sports bars. In the last year, the Owl’s Head Wine Bar Opened On Fifth Avenue, while a fine arts school and gallery for kids opened, a surfer taco joint, Ho’Brah, and a forthcoming Italian grocer are coming to Third Avenue. Combined with a growing Middle Eastern population and an increase in young families, whose kids are forcing new school construction, these new establishments are providing a changing face to the Brooklyn enclave. [WSJ]Adam Fusfeld


Related Articles

49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

Corcoran to shut down office in building partly owned by Barbara Corcoran

Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)

Welcome to Queens: Corcoran opens first borough outpost

Corcoran CEO & President Pamela Liebman (Credit: iStock)

Corcoran begins new lead-gen push via Facebook ads

(Credit: iStock)

Rental concessions are on the decline, but the size of incentives is growing

Realogy CEO Ryan Schneider 

Realogy’s 2019 revenue slides 3% to $5.6B

From left: Ryan Schneider, Ryan Gorman, Philip White, and Pam Liebman

Goodbye, NRT. Hello, Realogy Brokerage Group

Citi Habitat president Gary Marlin and Corcoran president Pam Liebman (Credit: Corcoran)

Corcoran, Citi Habitats to merge

Compass' Rachel Glazer (inset) and The Corcoran Group’s Steve Gold with Circa Central Park (Credit: Getty Images, Compass)

Steve Gold loses exclusive at record-setting Harlem project