Even in Tony Brownstone Brooklyn Infrastructure Lags Behind

Sunday, January 1, 2017

Ken Fisher, a member of Cozen O’Connor’s Business Law Department, discusses the slow growth of infrastructure in emerging New York City neighborhoods in The Real Deal. Ken notes that, “If you’re a real estate manager for a major retail operation, you’re not necessarily driving around Brooklyn looking for signs of change.” Ken also says that, “Private services like banks and drugstores, which are dominated by national chains, by nature tend to be conservative and driven by metrics. That’s in contrast to bars, coffee shops and galleries, which are willing to locate in changing neighborhoods because they anticipate that they themselves may become destinations.”

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