Downtown Brooklyn Will Double New Resi Units
Downtown Brooklyn is nowhere near through adding residential towers. A report by the Downtown Brooklyn Partnership says 12,769 new residential units are coming. That’s more than double the number built since a rezoning in 2004 eased limits on new construction. That's $6.5B of mixed-use and residential projects either going up now or in the next few years. The mix looks like it’ll be about 80% rental with over 25% of units defined as affordable. (Intrigued? Check out Four Big Affordable Housing Ideas.) Nine hotels totaling 1,000 new rooms are also on the way. The big loser here? Sunscreen sales, as everyone will be spending more time in the shadows of high-rises.