August 1, 2016

Bushwick, The Sequel

Mentions News

The Real Deal

In mid-June, renderings for a Brooklyn developer’s sprawling 1 million-square-foot rental complex at the former Rheingold Brewery site were unveiled to the public.

The decision by Rheingold’s original investors to sell inevitably raises the question of whether land prices in Brooklyn have peaked. January’s expiration of the 421a program for rental development put a damper on development-site deals, which fell 44 percent year-over year, according to a TerraCRG report on the first half of the year. 

Read more here.