Brooklyn — is the development party over?

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]

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Brooklyn — is the development party over?

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]

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.