Closing Bell: BADA-BAM!

A feature today in the New York Times tells the story of Al Attara, who bought the Metropolitan Exchange Building on Flatbush Avenue for $250,000 32 years ago. He wanted to foster a building where artists could share ownership and creative space, but the plans were put on hold when it became part of the Brooklyn Center Urban Renewal Area, which meant the city could reclaim it at any time. Since learning that the city will not take the building, Attara has rented out office space to a myriad of creative entrepreneurs. The Times talks about some pretty cool collaborations that happen in the “unusually symbiotic work environment.” He’s turned down law firms wanting to move in and developers wanting to tear the place down. If the building reaches a critical mass he’ll offer tenants collective ownership. And the building’s new, potential name? The Brooklyn Arts and Design Arena in the BAM District: BADA-BAM.
On Flatbush Ave, Seven Stories Chock Full of Ideas [NY Times]
Photo by Benjamin Norman via NY Times