Amid a citywide slump, a local exception
25 Sep 2009 - Christine Haughney | The New York Times
Lagging during the boom, Bedford-Stuyvesant is moving ahead during the recession - NYTimes.com. LISC MetroeEdge's market research for this Brooklyn, NY neighborhood is cited in this article.
Excerpt
Through the building frenzy that transformed some of the city’s long-neglected patches into lustrous new neighborhoods, few frontiers struggled to reap the benefits of gentrification more than working-class Bedford-Stuyvesant, Brooklyn.
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But as progress in more prosperous neighborhoods has halted, Bedford-Stuyvesant is showing signs of the economic life it has longed for: A handful of new upscale shops have appeared along Lewis Avenue in recent months, including a florist shop owned by a former Wall Street worker, which opened in March, and a trattoria run by a Manhattan restaurateur, in June. Continued [+]...
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Article Type: News