- REAL ESTATE EDUCATION
- GIVING BACK
The Real NYC Housing Boom Isn't in Manhattan
May 5, 2015
For AvalonBay Communities Inc., the next promising area for New York development is in southeast Brooklyn, at the second-to-last stop on the B train and off a bustling strip of discount stores and fruit stands.
There, in Sheepshead Bay, the second-biggest publicly traded U.S. apartment landlord is planning 200 luxury rentals in the tallest tower the community has seen in decades. The project, about a 45-minute subway ride from midtown Manhattan, is also the most remote within the city for the company.