Brooklyn Condo Boom Cooled by Manhattan-Like Rents

The last time Douglaston Development built something big in Brooklyn, New York, it was a 565-unit condo project across two towers in Williamsburg that debuted in 2008, when credit markets were freezing and mortgages were hard to get. Now, Douglaston is taking a different path, building a 510-unit luxury rental tower right next door.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.