Tuesday, November 4, 2008

Is 1 Brooklyn Bridge Park Dead in the Water?

After only a third of the units at 1 Brooklyn Bridge Park were sold, sales have essentially stopped, according to an analysis of a Bloomberg report by the Brooklyn Eagle.

"No one really knows how long the 'drying up' period will last, and therefore the unsold units," according to the Eagle -- but the implications for Brooklyn Bridge Park, slated to be supported by revenue streams from the real estate plopped down in the middle of the park, are not good.

Go to McBrooklyn's HOME PAGE.

No comments: