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A Tale of Two Boroughs

NEW YORK CITY—While in different stages of development, the Bronx and Brooklyn alike are working to increase their appeal, the presidents of the boroughs told a crowd of industry executives.

By Rayna Katz | Updated on July 30, 2015

NEW YORK CITY—Illustrating the point that Brooklyn is top of mind for the real estate industry while the Bronx is emerging, political leaders representing both areas Thursday discussed the state of their communities in an Ariel Property Advisors hosted event in Midtown. Over 250 property owners, managers and service providers were in attendance.

“The Bronx today isn’t the Bronx of the 1970s, 1980s and 1990s, it’s the new Bronx,” declared Bronx borough president Ruben Diaz Jr. “It’s safer today than it’s been for 50 years and $8 billion has been invested since I’ve been in office.”

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