The Opportunity Zone initiative was designed to re-structure incentives to encourage development in underserved areas. But it could also exacerbate the affordability crisis in Brooklyn by giving huge tax breaks to upscale developments.
Twelve miles south of Manhattan is a commercial strip seemingly stuck in time, where small-businesses still make up most of the shops, and there’s not a high-rise in sight. Bay Ridge’s tree-lined Third Avenue is as diverse as the area itself. Shoppers pour in and out of Mid-East Bakery & Grocery, Norma’s Arts & Crafts...
The Shops at 145 Front Street seems like the perfect opportunity for business owners who need affordable rent and amenities in DUMBO. But many businesses last only months. Why are they leaving so quickly?
In Bedford-Stuyvesant, changes in recent years have rendered a lot of small mom and pop stores obsolete. The Martinez's locksmith shop has been trying to keep up with the game.