Only a Matter of Time Before Greenpoint is Burg-ified?
The Post has a piece this morning about the recent wave of luxury condo builds in Greenpoint. Units in new buildings overlooking McCarren Park are going for upwards of $850 a foot, and at Magic Johnson’s Viridian, which launched sales this week, three-bedrooms are asking more than $800,000. In some of the neighborhood’s smaller condos,…
The Post has a piece this morning about the recent wave of luxury condo builds in Greenpoint. Units in new buildings overlooking McCarren Park are going for upwards of $850 a foot, and at Magic Johnson’s Viridian, which launched sales this week, three-bedrooms are asking more than $800,000. In some of the neighborhood’s smaller condos, however, prices start at $500 a foot, and rents are still substantially cheaper than they are in Williamsburg. “It’s got a very village feeling,” says Dewey Thompson, co-chair of the Greenpoint Waterfront Association for Parks and Planning. “I don’t think anyone would have dreamed that people were going to sell luxury condos in [this] neighborhood.” Although G-train dependent Greenpoint hasn’t seen the same frenzied pace of development as Williamsburg, many locals believe it’s probably only a matter of time before the rezoned waterfront sees a great deal of new construction. On the other hand, it’s not like the G train is going to get better tomorrow: Yesterday the MTA said the line isn’t going to be seeing service improvements any time soon.
Green Piece [NY Post]
Subway Service Increase to Be Less Than Hoped [NY Times]
Photo of Manhattan Avenue by cdaileycrafton.
Since most of the properties in Greenpoint are owned by hard working Polish people, they hold the key to any future developement. They tend NOT to sell to developers and like to keep their kingdom close to their pockets. I applaud them for maintaining a real New York City communtiy and not making it another modern developed place where only privileged hipsters and the like can move in and erase the history of the place.
Yea hello this has like already happened. But LOVE your show Brian.
this is old news. greenpoint has been burgified. that started a long time ago, like 8 years ago
What the hell do we have a world’s-largest oil spill for if it’s not doing its job of keeping us de-Burg-ified? I notice the sewage plant and poisoned creek are similarly slacking lately.
Very disappointing.
Greenpoint Burg-ified.
Please no! The Horror…
A house for 600K and a one bedroom apartment for 1300?
Not bloody likely!
“Only a Matter of Time Before Greenpoint is Burg-ified?”
Yeah, a long time.
Didn’t williamsburg already annex greenpoint in The Great Condo-McCarren Treaty of Aught-Five?
i don’t care what happens to greenpoint as long as i can get pierogi.
the G train needs a’fixin. FIRE THE MTA!!!!!