What We Learned from Bisnow's Future of Brooklyn Event

Earlier today, RDM attended Bisnow’s Future of Brooklyn event at the Brooklyn Bridge Marriot.  There were over six hundred attendees (the largest Bisnow event we’ve ever attended), two panels that consisted of representatives from such companies as Toll Brothers, Forest City Ratner, and Massey Knakal, and a keynote address from Marty Markowitz – Borough President.

Provided for you are some of the nuggets we took away from the event:

- Brooklyn is now its own entity/brand (i.e., the Brooklyn Nets)

- It’s no longer manufacturing centric but filled with creative, artsy people

- It’s now considered a live, work, and play center, including a place for families to stay

- Lower density is a big draw (people can ride their bikes to work and enjoy multiple parks)

- Two biggest generational projects at this time are Atlantic Yards and Brooklyn Bridge Park

- Atlantic Yards will begin construction of tallest modular residential housing complex in the world this December; 50% will be deemed affordable

- Pricing for residential units is going up which is being caused by a shrinking supply

- Brooklyn needs better tax abatement policies in order to spur growth for residential housing - zoning policies are considered good

- There needs to be more connectivity between areas (i.e., walking paths, trolley cars, buses) to generate more growth

- There’s currently 500 tech companies in Brooklyn tech triangle, there’s potential for huge growth