Thursday Links
Carroll Gardens Over the Gowanus. Photo by TeePix. Homeowners’ Reduced Equity Raises Fear of Slow Spending [NY Times] Morgan Stanley Takes a Hit on Subprime Mortgages [NY Times] Security Study Urged for Atlantic Yards [NY Times] Rose Associates to Help Develop Albee Square [NY Observer] Weighing a Foreclosure Purchase? [NY Post] Free Umbrellas Hit the…
Carroll Gardens Over the Gowanus. Photo by TeePix.
Homeowners’ Reduced Equity Raises Fear of Slow Spending [NY Times]
Morgan Stanley Takes a Hit on Subprime Mortgages [NY Times]
Security Study Urged for Atlantic Yards [NY Times]
Rose Associates to Help Develop Albee Square [NY Observer]
Weighing a Foreclosure Purchase? [NY Post]
Free Umbrellas Hit the Slope [NY Daily News]
Downtown Brooklyn Transforms [NY Sun]
Heights Assaults on the Rise [NY Sun]
“…the plans included about 1.9 million square feet of office space, while the original plans envisioned 4.5 million square feet.”
Good catch. That reinforces his point. Outlook is downwards.
I’ve been in the Heights for about 6 months after 3 years in Carroll Gardens West and 5 years in Jersey City. I never would have thought it, but I’ve felt significantly more unsafe in the Heights than either of those neighborhoods, and JC was pretty rough when I first moved there. The element is attracted to the money, the promenade, and the quiet, dark streets. I see real sketchy characters roaming solo just after dark with no purpose and the packs of kids esp. near the promenade. We certainly need more of a police presence, even if its just cops walking the beat.
Excellent photograph across the Gowanus…
The What,
Perhaps you should have read two sentences further:
In the newly issued report by the Downtown Brooklyn Development Partnership, the plans included about 1.9 million square feet of office space, while the original plans envisioned 4.5 million square feet.
“4.5 million square feet of office space is planned over the next several years, which will completely transform downtown Brooklyn’s landscape.”
This one statement that scares me. I hope they find tenants!
I’m a big fan of progress but, at what cost. The downtown development is great but, I don’t think we need all of this ‘office space’.
Remember in the 90’s half of wall street was empty. Thy turned some of the office space into residential. Even WBAI radio got some space REAL cheap.
We have overbuilt and over developed over the last 7 years and I’m afraid these unit will be empty for years to come.
We are at the beginning of a severe downturn. I hope we have plan B.
The What
Someday this war is gonna end
The What – what do you think of the ‘Downtown Brooklyn Transforms’ article? Are you a believer?
Homeowners’ Reduced Equity May Slow Spending
http://www.nytimes.com/2007/11/08/business/08borrow.html?_r=1&ref=business&oref=slogin
Well… I asked someone to show me any good news on housing. Here is the whole economy, Consumer spending. Debt, Debt and more Debt.
This shit is looking real bad now. The Mutant Real Estate Bubble is dying.
The What
Someday this war is gonna end…..
you have the wrong link on
“Free Umbrellas Hit the Slope “