Real estate wonk mag The Real Deal asks that question in its most recent issue:
Developers are salivating over sites in Bushwick, industry experts said, especially as nearby Williamsburg has transitioned from a gritty industrial area to an expensive residential neighborhood. Bushwick is still relatively affordable in comparison, but is seeing strong demand for rental housing.
“It’s no coincidence that I got three or four calls in the last month about Bushwick,” said Ian Lester, a Manhattan attorney who represents a number of commercial developers.
And this gem:
Michael Amirkhanian, a Bushwick specialist at Massey Knakal Realty Services, said the manufacturing-zoned area on the map is shaped, perhaps fittingly, like “an upside-down middle finger to the development community.”
Preview of a 2023 headline: “Is Borough Park the new Bushwick?”
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