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January 30, 2006
Arena nabe is jumpin'!
Condos rise while Ratner fights
The NY Daily News
By Lore Croghan
While Forest City Ratner is wading through the approval process, other developers are "getting in ahead of Ratner and building sleek condo buildings on empty lots or sites that were occupied by auto-body shops and other single-story commercial buildings."
The neighborhood is being transformed with chic new development and skyrocketing prices for brownstones.
What about the prospect of Ratner's 10-year construction plan?
That hasn't stopped homebuyers from paying increasingly high prices to get into the neighborhood, undeterred by the possibility of noisy construction or traffic-snarled streets on game day.
NoLandGrab: All this fuss over a neighborhood that Ratner's PR machine still insists is "blighted."
Posted by lumi at January 30, 2006 8:40 AM