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November 8, 2008
Downtown Office Growth Continues Despite Recession
Brooklyn Daily Eagle
Dennis Holt reports on the recent NY Times article about businesses moving to Downtown Brooklyn.
The centerpiece of the new Downtown will probably turn out to be the City Point development, where the Albee Square Mall used to be. It will be very large and will be located in the old Downtown Brooklyn business core.The current plan calls for creating about 500,000 square feet of office space. Anchor tenants will probably be acquired before everything is completed. Oddly, the Times’ report did not include this project.
It did mention Atlantic Yards, that somewhat spooked major development, and the potential of significant additional office space along with the sports arena. The point to note with it is that Atlantic Yards will create a second commercial and business center.
It will be both part of an expanded Downtown business center and a new center of its own. How the new center evolves will depend on the progress of the Cultural District and other trends not yet predictable.
Posted by amy at November 8, 2008 7:29 AM