Very few New Yorkers realized the scope of development on north Flatbush and around the Fulton Street Mall. But the recognition of the scale of new construction is beginning to dawn, since a few newspapers reported that there is $3.1 billion in development along north Flatbush. That number is hard to conceive- it's almost as big as the Atlantic Yards proposal for nearby Prospect Heights- but it doesn't include the other projects going up in Downtown Brooklyn.
This is relevant to Duffield Street because the NYC Economic Development Corporation says that the revitalization of the area hinges on the demolition of these private homes. To quote the inimitable Janel Petterson of the EDC:
The Duffield Street site is an important component of the Downtown Brooklyn plan, a strategy to stimulate economic growth, create jobs, and improve the quality of life for residents and employees in the area.Here are links to the recent news coverage of economic growth in the area:
- $3 Billion Building Boom on Brooklyn's Flatbush Ave. (WNYC 6/25/07)
- Albee Mall Out, Multi-Use Facility In (Brooklyn Downtown Star 6/27/07)
- BOOM ON FLATBUSH (NY Post 6/25)
- Fewer jobs, apartments than forecast (NY Daily News 6/26/07)
- Group: Brooklyn Subsidizing Its Own Job Loss (Brooklyn Downtown Star 6/8/07)
- Big Bucks for Jazzing Up 'Outdated' Fulton Mall (Brownstoner 5/21/07)
- Albee Square Deal Closes, Fewer Apartments Planned (Brownstoner 6/20/07)
- REITs Pouring Investment Into Dense Urban Corners (NY Sun 5/30/07)
