86th Street Development Plans: Shifting Focus from Retail to Housing in Bay Ridge
ASG Equities Reconsiders 86th Street Plans
ASG Equities has announced a significant change in its development strategy regarding the former Century 21 site on 86th Street in Bay Ridge. Initially envisioned as an urban retail landscape, these plans have been discarded in favor of focusing on housing opportunities.
Community Reactions and Future Prospects
Local stakeholders, including Justin Brannan, have expressed varying reactions to this pivot. As the Gindi family seeks a developer to take over the site, discussions surrounding the implications for local business and community growth are heating up.
Implications of the Shift for Bay Ridge
- Increased Housing Demand: Bay Ridge has seen growing demand for residential spaces.
- Economic Impact: The shift may affect local businesses and housing prices.
The community awaits further updates as this transition unfolds and anticipates the potential benefits of new housing developments on 86th Street.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.