High Tide in Greenpoint

With 7,000-plus residential units in the pipeline for Greenpoint’s waterfront, what’s to become of the Polish enclave?

(Michael Nagel)

(Michael Nagel)

Greenpoint may not be as sleek as Williamsburg, and the neighborhood is still a (diminished) Polish stronghold, but it’s gaining more attention now as residential developments, many stalled during the recession, prepare to dot the still-scrappy waterfront.

“It’s just a matter of evolution,” said Ofer Cohen, the founder and president of Brooklyn commercial brokerage TerraCRG, during a tour of Brooklyn’s northernmost neighborhood. He was referring to how Greenpoint would naturally follow in the gentrified footsteps of Williamsburg, its more developed neighbor to the south. “Now that Williamsburg is done in terms of large-scale development, Greenpoint is next,” Mr. Cohen said. Read more on the Commercial Observer.