This week, New York magazine ran an article subtitled, “The Degentrification of Red Hook”.
Basically, it comes down to this. There is a neighborhood within the New York City borough of Brooklyn called Red Hook.
A couple years ago, there was a mild up-tick in interest in the neighborhood. Everyone interested in real estate
Including Barbara Corcoran, who bought in the area and then trumpeted its appeal on national TV.
Well …
Fast forward two years and what do we find?
Not much has changed.
Empty storefronts, empty lots, etc., etc., etc.
Funny how a slower real estate market does that sort of thing.
Which made me wonder …
How’s Dorchester doing?
The neighborhood of 50,000 residents (an estimate), it is full of three-decker homes, a lot of commercial and light industry, and a melting pot of residents including Hispanic, Vietnamese, etc. It used to be more Irish.
Many three-decker homes were converted into condos over the past half-decade. Things looked good. A higher-income population was moving in, which led to renovations of old housing and an increase in street-life and stores and shops.
Yet, now, things might look a little different.
I’d love to hear from people who actually live there or work there or spend a lot of time there.
Thoughts?
Where does Dorchester stand, today?
More: The Embers of Gentrification – # By Adam Sternbergh, New York magazine
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