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By Accord Real Estate Group

Brooklyn, New York Real Estate 2020

January 11th 2020
Tags: Brooklyn Blog, Real Estate News, All about Brooklyn New York

Many Brooklyn, NY neighborhoods continue to evolve, expand, change and create a lot of interest for buyers, renters and investor/developers.

A few Brooklyn neighborhoods will be undergoing a zoning change in 2020:

Sunset Park- Industry City’s 35 acre campus will be rezoned. In October, owners Jamestown, Belvedere Capital and Angelo Gordon & Co. certified their rezoning application. The plan is to turn one of Brooklyn’s last waterfronts into a commercial destination. Andrew Kimball Industry City CEO says that “Industry City is willing to get done all that needs to get done in the next seven months”.

Gowanus is headed for a major rezoning which could transform an 80 block swath of low rise neighborhood into a hotbed of development projects. The 1st step is an environmental impact report which examines the potential impact of a land use change. Developers have been land banking properties for years in anticipation of the changes.

Bushwick residents have banded together and joined with City Councilmembers Antonio Reynoso and Rafael Espinal to craft a community led rezoning plan. Mayor Di Blasio’s administration has come up with their own rezoning proposal for Bushwick which differs from the community’s plan for affordable housing and manufacturing spaces. An environmental impact report is being prepared and the rezoning review process will begin next summer. Change is definitely coming to Bushwick.

Greenpoint has seen and will continue to see a gradual transformation and expansion with the introduction of new projects to the neighborhood. Greenpoint has for the most part has successfully retained a small village vibe with a real community feel. The addition of the NYC Ferry stop on India Street has improved transportation, made the area more accessible and has added to the neighborhood’s growth.

The next major project coming to Greenpoint is Greenpoint Landing’s 40 story, 421 unit Two Blue Slip which will also include a pair of waterfront towers with 745 rentals by OMA company founded by architect Rem Koolhaus. This is the firm’s 1st project in Brooklyn.

Greenpoint will also be seeing many boutique condo projects of 10 units or less which are moving forward and are expected to be completed in 2020.

To be continued…

If you are interested in selling your property or you know someone who is planning to sell their Brooklyn or New York property, whether a single family residential property,  an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.

We always bring our clients the top market price for their property and provide exceptional personalized service from initial consultation to closing.

Thank you,
Accord Real Estate Group
Your Brooklyn Real Estate Brokers and Agents