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April 2, 2008

ATLANTIC CURRENT

BROOKLYN BREAKS OUT IN A BIG WAY

New York Post
by Max Gross

While Atlantic Yards may be stalling, development along Atlantic Avenue is not.

Back in 1968, a brownstone off Atlantic Avenue could be procured for about $40,000 - and in some cases, for significantly less. (One of Wood's neighbors bought a brownstone four years earlier for $14,000.) Then, the avenue consisted mostly of empty parking lots, gas stations and antique dealers.

The area began changing gradually over the past 20 years, but gentrification has truly picked up recently (even with the uncertainty and controversy surrounding Atlantic Yards).

"It's changed a lot just in the last three years," says Rachel Horlick, who moved to the Smith last month after spending the previous three years on nearby Dean Street. "There's boutique clothing stores, coffee places, ice-cream shops."

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Posted by eric at April 2, 2008 11:56 AM