NEW YORK CITY-There may have been a time where Manhattan was the epicenter of retail growth, but now, activity in the outer boroughs is catching up—and, in fact, soaring to its own new heights. That was the message of the “Building the Boroughs” panel discussion at the ICSC conference Monday, sponsored by the organization's Women's Special Industry Group.
Brooklyn, Queens, the Bronx and Staten Island were all represented by developers and officials from those areas, while Manhattan was covered by panel organizer and moderator Faith Hope Consolo, chairman, retail group, Douglas Elliman Real Estate.
Brooklyn, of course, is buzzing. “Companies want to move businesses there because the talent is in Brooklyn, with people at Google and the like living there,” said Caroline Pardo, director of leasing, Jamestown Properties. “A lot of companies looking to open their first offices in New York City aren't necessarily going to Manhattan, so they're looking for availability in Brooklyn.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
