The Next Brooklyn?

The largest population shift since the rise of suburbia has begun!  Americans, young (especially young…) and old alike are moving back into cities at higher rates.  Whether it’s New York, Los Angeles, or even Kansas City, the city is the place to be.  The repopulation of America’s urban core has led to massive gentrification on a scale never seen before.

Brooklyn Baby!  This borough is the poster child for urban redevelopment.  The rise of neighborhoods like Williamsburg, Bushwick, DUMBO, and so many more, have quickly transformed desolate and often abandoned city blocks into reinvented breeding grounds for the creative class.  While Brooklyn was the first, it certainly will not be the last urban neighborhood to rise from the ashes.

The Real Deal published a great article looking into this phenomenon and asks what’s next.  Whether it’s “Brooklyn by the Bay,” Center City, Philadelphia, or a growing list of other cities, this article helps explain the real estate shifts occuring in this country, and gives great insight in to what is to come.  Take a look at the full article here.

A Look Inside The Newest World Trade Center Tower

The World Trade Center complex is once again inching toward completion.  7 World Trade was Larry Silverstein’s first completed development on the hollow ground.  This 47-story, 743 ft. tall glass tower has slowly started to see some new neighbors move back into the hood.  One World trade, which is slated for a completion date within the next few months, has lately claimed so much fame after topping out slightly before Hurricane Sandy.  While two other projects remain stalled (the developer is not moving forward until having committed tenants), a third building has quietly climbed 978 feet up into the sky.

The Real Deal went on a behind the scenes tour of the new building.  The photos below have been taken from the article which can be read in full detail here.  4 World Trade is scheduled to before the end of the year.  

TF Cornerstone’s Pepsi Project

TF Cornerstone’s latest  project is progressing nicely along the East River.  The 41-story building is part of a larger 2,000+ unit project featuring both sales and rentals.  The latest rendering you see below will have 820 studio, through three-bedroom apartments  “Studios start at $2,125/month, one-bedrooms at $2,645/month, two-bedrooms at $3,875/month, and three-bedrooms at$5,390/month” (Curbed)

Gantry Plaza State Park houses the iconic Pepsi sign you see in the rendering.  The recently expanded park was once a Pepsi factory.  I highly suggest heading out to the park for amazing views of the city, or to check out the sign itself.  The picture you see below was taken from TF Cornerstone’s website.  With views like that, it is easy to see how the project is commanding those prices.

Take a look at the rooftop amenity spaces in the rendering below.