The NY Times declared this morning that the coming of Barneys Co-op to Atlantic Avenue is likely the first of high-end retailers establishing themselves in the nabe.
Because of its strong demographics and heavy foot traffic, the Cobble Hill area is the most likely target for upscale retailers. “The economics of Cobble Hill are as good as the Upper East Side or Upper West Side,” said Noel Caban, a vice president for retail at CB Richard Ellis…
The Upper East Side? Dear readers, are you ready to face east and bow down for $200 t-shirts and $300 jeans?
Photo from Faleh Zahrawi flickr photostream
While I’m offended by the UES comparison, I welcome the rise in property values that hopefully will follow!
As a renter with no hope of ever being able to afford the absurd down payment required to buy in this neighborhood, I’m sorry to say I don’t agree, Charlie.
As a purchaser who probably bought on the wrong end of the market, I need some help too!
It went up to fast, based on speculation that real estate can only go up and fed by some not financially sound buyers
It has to go down further.
Charlie,
I told you not to buy, but you did anyway. Silly boy.