According to Rich Calder in The New York Post, to find Brooklyn’s newest hot residential area, you need only cross Cadman Plaza or Court Street between Tillary Street and Atlantic Avenue:
Brooklyn’s fastest-growing residential neighborhood isn’t in the Brownstone Belt from Brooklyn Heights to Park Slope — it’s all happening Downtown.
New data show that since 2000, Downtown Brooklyn has gone from a struggling business district saturated with 99-cent stores to home to more than 9,000 people …
The development corporation estimates 16,700 residents in the area by year’s end, as recently completed projects like the 510-unit Brooklyn Gold rental complex on Gold Street begin taking in tenants. By 2012, the number could grow by another 4,000 to 8,000.
According to Calder’s article, completion of the Nets arena planned for Atlantic Yards would be a “game-changer” for the area, accelerating its transformation.