"Somewhere in the pipeline, there are about 14,000 residential units and a million and a half square feet of office space," says Joe Chan, president of the Downtown Brooklyn Partnership, a non-profit that's helping coordinate everything to come. Chan says roughly $9 billion in private money, plus $300 million in city funds, will be invested.
Plans call for major hotels including a Hilton; a huge Brooklyn Academy of Music expansion; a $15 million Flatbush Avenue facelift; and the Albee Square complex, with 475,000 square feet of retail space."
"The Fulton Mall and MetroTech aren't exactly considered residential areas. Yet, Belltel Lofts, a former telephone-company building on Willoughby Street, has already sold about 100 of its 250 lofts and has recently seen its first buyers move in."
(NY Post)
BROOKLYN GETS READY FOR ITS 14,000-UNIT, $9 BILLION MAKEOVER
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