Why the condo glut in Sheepshead Bay is causing a commercial shortage

From the March issue: The condos are coming to Sheepshead Bay. And some have catchy names like the Ocean, the Vue and 1 Brooklyn Bay. The sponsors behind those projects — including the local firm Rybak Development and a joint venture between Muss Development and AvalonBay Communities — are among several established builders looking to make a splash there. But the biggest new real estate projects in the southern Brooklyn neighborhood are almost entirely residential, with […]

Source: Real Estate

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