Just a Regular Day in Dumbo

Dumbo (short for Down Under the Manhattan Bridge Overpass) is a neighborhood in the New York City borough of Brooklyn. The area was originally a ferry landing, characterized by 19th and early 20th century industrial and warehouse buildings, Belgian block streets, and its location on the East River by the imposing anchorage of the Manhattan Bridge. The entirety of Dumbo was bought by developer David Walentas and his company Two Trees Management in the late 20th century and remade into an upscale residential and commercial community first becoming a haven for artist galleries and presently a center for technology startups. The large community of tech startups earned DUMBO the moniker as “the center of the Brooklyn Tech Triangle”. In that time, Dumbo has become Brooklyn’s most expensive neighborhood, as well as New York City’s fourth richest community overall, due in part to the large concentration of technology startups, its close proximity to Manhattan and the prevalence of converted industrial buildings into spacious luxury residential lofts.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s