Next stop for Brooklyn’s development boom: Sheepshead Bay

New York Weekend Edition /
May.May 13, 2018 11:00 AM

Sheepshead Bay is located as far south into Brooklyn as one could get, nearly an hour’s train ride from Manhattan. But its distance from the city’s epicenter has not stopped the borough’s development boom from grabbing hold of the neighborhood.

Glitzy new residential projects are helping reshape the Brooklyn outlier, including a 28-story project on Sheepshead Bay Road from AvalonBay Communities and Muss Development, as well as a pair of projects from Rybak Development on Ocean Avenue and Emmons Avenue. But some developers and brokers in the area are concerned the residential building boom could be precipitating an office shortage.

The Real Deal recently went down to Sheepshead Bay to see some of the new residential projects and talk to local players about what the lack of commercial development could mean for the neighborhood’s growth. Watch the full video above.

Produced by Jhila Farzaneh, Ben Heitmann and Eddie Small.


Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Rendering of the Meadowlands Sports Arena with Convention Center (Meadowlands 2040 Foundation)
Convention center planned near American Dream mall
Convention center planned near American Dream mall
Scale’s $48M loan kicks off first phase of New Rochelle project
Scale’s $48M loan kicks off first phase of New Rochelle project
Scale’s $48M loan kicks off first phase of New Rochelle project
374 Fourth Ave in Gowanus, Brooklyn (Google Maps, iStock)
Quinlan plans 197-unit project for Gowanus
Quinlan plans 197-unit project for Gowanus
Rendering of the Peconic Bay Vineyard in Cutchogue with Stefan Soloviev (Wikipedia, Glen & Company Architecture)
Ex of Sheldon Solow’s son has North Fork development dreams
Ex of Sheldon Solow’s son has North Fork development dreams
Howard Hughes buys 37K acres to build “city of the future”
Howard Hughes buys 37K acres to build “city of the future”
Howard Hughes buys 37K acres to build “city of the future”
Radson Development co-founder Jacob Rad and the site of the development (Google Maps, LinkedIn via Rad)
Pair of mixed-use towers to rise at site of Hell’s Kitchen slaughterhouse
Pair of mixed-use towers to rise at site of Hell’s Kitchen slaughterhouse
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...