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📅 Today's Story: Downtown Brooklyn is outpacing every other borough in new housing delivery this year, with over 3,700 units completed in the first half of 2025—over 1,000 of them affordable.
RESIDENTIAL
How Brooklyn Built 3,700 New Homes in Just 6 Months |
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An aerial shot of Downtown Brooklyn (Shutterstock)
📰 What Happened: A former office district, Downtown Brooklyn is rapidly becoming NYC’s biggest stock of new housing. The borough’s new housing development is similar to the successful mixed-use transformation of Manhattan’s Financial District, which essentially turned Wall Street into a well-known residential neighborhood.
🔍 A Closer Look: According to Crain’s New York, over 3,700 housing units have been completed so far in 2025 alone (1,000 of which are designated as affordable) thanks to a wave of residential development set off by a 2004 rezoning. In total, the neighborhood has added nearly 27,000 units since the rezoning went into effect.
🧠 Why It Matters: Downtown Brooklyn’s explosive growth is a compelling model for urban rezoning in areas where new housing is sorely needed. Residential foot traffic, which has surged 97% since 2019, proves the success of the borough’s ongoing mixed-use transformation. Plenty of Brooklynites are probably pretty happy, too.
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