Tuesday, November 20, 2007

NY Mag: Degentrification

New York Magazine muses on the future of Red Hook and what happens to the next hot neighborhood when things slow down.
from Curbed
from Gowanus Lounge


Richard Layman said...

it slows down. And if it is well situated and positive developments keep happening, it picks back up. See e.g., Logan Circle or Capitol Hill. Although the forces of money are much greater in NYC.

People forget that these phenomena are driven by a couple things. 1. People with money, but not enough money move to the rising place, not the already done place, i.e., Logan Circle vs. Dupont Circle, or Dupont Circle vs. Georgetown. 2. Partly this is a hip phenomenon, but eventually, the people who were attracted due to hipness but not into the negatives--crime etc., or still working in the suburbs, having to commute etc., will drop out. 3. Eventually, if well resourced/situated the neighborhood will hit its positive, still climbing equilibrium.

Anonymous said...

Transportation is a key element to gentrification and development. Red Hook is unlikely to ever become extremely popular until the MTA improves service in the neighborhood. This is especially vital in New York where it's particularly difficult to commute to downtown (ie, Manhattan) with a car.

Soon, this issue will expand gentrification pressures in our neighborhood. The Benning Road/H Street trolley is likely to increase gentrification into new areas precisely because it will provide additional transportation options.

Tom A. said...

Great article about Red Hook. But I don't know of anyone who has bought around H Street because it is "hip" or "trendy." We buy here because it's affordable and most homes have a decent sized yards, which is unheard of in more "established" neighborhoods.