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October 15, 2009
In the Heights
Prospect Heights could be the next Cobble Hill
NY Post
by Katherine Dykstra
Talk to almost anyone affiliated with Brooklyn’s Prospect Heights, and their unofficial line on Vanderbilt Avenue is that it’s what Cobble Hill’s Smith Street was 10 years ago. By that, they mean it’s primed to become the local go-to stretch for everything from a cup of coffee and a seat outside to a locally sourced gourmet dinner. And residential developers are also a big part of this thoroughfare’s land grab.
...The neighborhood’s affordability has many buyers willing to overlook the possibility of the neighborhood changing massively if and when the much bandied about Atlantic Yards ever finds its footing. And with the recent investment of Russian billionaire Mikhail Prokhorov in the Nets, it’s looking more likely than ever that at least an NBA stadium will be built.
“It’s not even on my radar,” says finance guy/Brooklyn blogger Kenny Eng, who bought a 1,450-square-foot three-bedroom in the Washington for $545,000 three years ago. “The part [of the Atlantic Yards site] that’s closer to me, on Vanderbilt, will probably be a parking lot for the construction workers, so I’m not too thrilled about that.”
After a moment, he adds: “That whole project is 10 to 15 years off, even more. Who knows? I could be gone by then.”
Posted by eric at October 15, 2009 8:43 PM