Comments on: “Crown Heights Gets Tarnished” http://nostrandpark.com/2009/05/21/crown-heights-gets-tarnished/ Bringing Together the Best of Crown Heights Sat, 04 Feb 2012 15:44:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: davidb http://nostrandpark.com/2009/05/21/crown-heights-gets-tarnished/comment-page-1/#comment-24 davidb Sat, 23 May 2009 21:59:44 +0000 http://nostrandpark.com/?p=244#comment-24 <p>The article and the reporter misses the facts and muddles the issues. The storefront vacancies are being absorbed at a rapid pace - with many storefronts on the northern end either being renovated or the spaces being negotiated for rent. Personally have observed since the time of this article, the Dunkin Doonuts on EP and Nostrand, along with T-mobile, MetroPCS store openings, and ongoing inquiries from McDonalds , Subway and Golden Krust - so both national retailers are expressing and acting on interest, along with strong multi-site merchants taking up the spots. As for the residential rental market - it is extremely strong, with most landlords and buildings having ZERO vacancies, and getting rent increases when apt vacancies come up. </p><p>Property sales are impacted by the national credit freeze/thawing process. But for those that have planted the flag, as Ms. Allen indicates, most retailers are missing out on both the newer recently puchased homesites with significant HH income, or the older/long time/ owners whose homes are occupied by a multi-generational family and as a result have a high density HH income.</p><p>Too bad that publishing deadlines prevent a more nuanced treatment of the facts that are there - just not always apparent to the casual eye.</p> The article and the reporter misses the facts and muddles the issues. The storefront vacancies are being absorbed at a rapid pace – with many storefronts on the northern end either being renovated or the spaces being negotiated for rent. Personally have observed since the time of this article, the Dunkin Doonuts on EP and Nostrand, along with T-mobile, MetroPCS store openings, and ongoing inquiries from McDonalds , Subway and Golden Krust – so both national retailers are expressing and acting on interest, along with strong multi-site merchants taking up the spots. As for the residential rental market – it is extremely strong, with most landlords and buildings having ZERO vacancies, and getting rent increases when apt vacancies come up.

Property sales are impacted by the national credit freeze/thawing process. But for those that have planted the flag, as Ms. Allen indicates, most retailers are missing out on both the newer recently puchased homesites with significant HH income, or the older/long time/ owners whose homes are occupied by a multi-generational family and as a result have a high density HH income.

Too bad that publishing deadlines prevent a more nuanced treatment of the facts that are there – just not always apparent to the casual eye.

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