Before the echo of the wrecking ball that fell three Bay Ridge Victorians could fade, a spokesperson for Basile Builders said: “there is a real demand for housing in Bay Ridge.”
“Saying there’s a real demand for housing in Bay Ridge, is like listening to a Shylock tell you that there’s a real demand for money… no sooner would you go to a loan shark or bookie for your retirement planning than a community should look to developers when it comes to the longterm interests of its aesthetic and residential architecture ,” said one long-time resident/activist.
While both of the aforementioned statements may be true, crank out too much of either product and you have inflation no matter what.
“We can satisfy the need for housing while preserving neighborhood integrity if we are just a
little creative… there are still underutilized areas, and we must accept a pro-growth attitude, but apply that belief into our infrastructure contextually,” councilman Gentile said in an article for amNewYork.
The councilman’s track record as a supporter of local preservation notwithstanding, only has it half right, according to residents and industry insiders who say context is one thing – sustainability quiet another.
“The issue is how we maintain basic ownership principles but at the same time safeguard the integrity of the community as a whole… there needs to be an overriding consensus on issues like growth. Touting pro-growth left and right as if you’re actually saying something is imbecilic. Everyone wants growth, developers, the city, buyers… but the neighborhood isn’t willing to do the heavy lifting. You live in a place that has no goal posts and you’re reacting from a defensive posture. The larger problem than context is sustainability… the neighborhood as it is now can barely sustain the growth it already absorbed… congestion is on the rise, transportation is under-performing, and the neighborhood’s most traveled transit hub is dilapidated… now how do you expect to handle addition units of housing,” said one local resident and realtor specializing in Bay Ridge, Dyker Heights sales.
“Developers don’t look at their trade as an opportunity to upscale underdeveloped markets – they look at margins and vulnerability… I don’t recall that part of 3rd avenue having a growth problem. It was only a problem until a developer came along and said there was.”
Despite what many perceive as protectionism masquerading as preservation on the part of nervous homeowners seeking to curb supply to drive up their own prices, according to one realtor – “don’t be so sure.”
“…condos and single family residential are two different animals… it’s actually condo owners who have to worry… most of the people who are looking at these things are very eager first time buyers anxious to own anythign in Bay Ridge, buying in at the high end of the housing market, which is dicey enough because your margins are so thin… under the impression they’re going to see the same growth as a one family Tudor… less than ideal financing, sudden need to turn the unit over can suddenly put a lot of things into perspective and make you stop and think about what it is you really own… they’re tough to move because odds are new ones just went up around the corner from you. If anything, you could turn the situation around and say that, in certain areas, these developers are only helping homeowners by turning their merchandise into a rarer commodity.”
Parents and concerned residents saying that as we grow with such careless and reckless abandon, we’re only hurting the one’s we love – our children.
One parent who has been following the 74th street development drama said that she is worried sick over the additional traffic that new multi-unit housing will bring.
“I’m worried because there are so many more cars on the roads, particularly around schools and I feel like it’s only a matter of time before there’s a serious accident… everyone leaves at the same time in the morning to drop their kids off at school and I can’t even think about the number of close calls I’ve had with drivers… everyone is trying to get the same place at once.”
a blogged week:
Right in BayRidge: The Bay Ridge Harvest Fest
Brownstoner: Poly Prep’s New Look
Curbed: What To Do About Harlem Crackhouse?
OTBKB: How do DOE Reforms Affect Middle School Admissions Process?
Gotham City Insider: New York is Depressing and Will Drive you to Suicide
Greenpointer: Yule Tide Halloween
Gowanus Lounge: A Good Day for Landmarking in Greenpoint, Controversy at Carroll Gardens ‘Town Hall’ Meeting & Park Slope Homeless Gone from Old First