Downtown Brooklyn has a new member of the sold-out rental club: The Andrea. This building’s 95 rental units are completely full, which excites some and frustrates others. Growth and progress are good, but for all The Andrea’s bells and whistles, the success of this mid-market building will drive up the already fast-climbing rents in the area. This could push out long-time residents who have had no luck with stagnant wages or worse, no wages.
It would be hard to argue the function, functionality and niceness of being able to live in a new building like The Andrea, especially if your plans are to begin a life in this Brooklyn neighborhood. According to The Brooklyn Eagle, The Andrea has double-paned windows, energy-efficient HVAC and lighting, a fitness center, a glass-enclosed yoga/meeting room with kitchen and pantry, onsite parking, and a Zen garden.
Of course, there is the issue of just how much does living in a building like The Andrea run? Studios start at $1,225, and the most expensive two-bedrooms are $2,800. Still, when you have to pay $1,600 to live in a one-bedroom in a nice building in Brooklyn, something’s wrong.
I spoke about this issue with my friend Bill. Bill’s a longtime resident of downtown Brooklyn since moving from Vermont in 2002. Even in the eight years Bill’s been in downtown Brooklyn, there have been scores of change. “I have a hard time with it,” Bill recently told me about the rapid development in his neighborhood. He sees the trendy aesthetic as an assault on our moral fiber. “I begin to worry about our culture’s self-indulgence,” he explained to me.
So it goes that the rents keep climbing and the turnover’s more and more a reality.