Gowanus Lounge: Serving Brooklyn

Bklink: Fourth Avenue Rising or Not?

November 6th, 2008 · 2 Comments

link-asterisk.jpgIn this month’s Real Deal, Gabby Warshawer, whose coverage of Brooklyn’s Fourth Avenue is unparalleled, takes a look at gritty strip that is now dotted with 12-story condos and some restaurants. Are things going well or not? Well…”development sites on the strip that are actually selling are fetching far less now than they were just a few years ago. At the same time, critics and real estate blogs have assailed the architecture of some of the avenue’s new buildings and lambasted the Department of City Planning for not requiring commercial and retail use on the ground level of the new high-rises. Critics say that move did nothing to make the traffic-heavy avenue more pedestrian friendly.” One guy remains bullish on Fourth Ave.: Dominic Tonacchio, who is behind Hotel Le Bleu and other developments. “It’s still going to be a better Fourth Avenue than it was,” he said. “I still think it’s going to be the next Park Avenue.”–The Real Deal

Tags: Fourth Avenue · Shortlink

2 responses so far ↓

  • 1 Anonymous // Nov 6, 2008 at 11:23 pm

    The next Park Avenue?
    I want some of the same drugs that guy is taking.

  • 2 Jef // Apr 30, 2009 at 11:55 am

    Park Avenue??? Don’t ever think so.
    Not today, tomorrow or the year after.