On Saturday morning, on our way to do yoga in Prospect Heights, we found ourselves thinking about how much potential the neighborhood has. This occurred to us again when we were in Williamsburg later in the day doing some Christmas shopping. Living in Clinton Hill, despite the unrivaled architecture, we do sometimes miss the mix of urban gritiness, energy and restaurants that Williamsburg has. Prospect Heights, by comparison, mixes the historic brownstone thing with a more industrial feel and building stock that make it ripe for the expansion of funky, interesting businesses as well as residential developments. And, as yesterday’s NY Times article points out, the proximity to Brooklyn’s foremost cultural institutions doesn’t hurt either. Even if the overall market doesn’t keep rising, we bet the arbitrage between Park Slope and Prospect Heights will continue to boost the area’s prices regardless of how Ratner’s plans for the Atlantic Yards shake out.
A Neighborhood Comes Into Its Own [NY TImes]