What happens when a neighborhood reaches peak gentrification?

http://ny.curbed.com/2016/8/1/12342638/bedford-avenue-williamsburg-brooklyn-gentrification

Williamsburg has become the icon of what gentrifications means in Brooklyn, and for cities in general. However, the arrival of Whole Foods and Apple on Bedford Av have sounded a death knell for small businesses on the main drag. And now, as the MTA prepares for the L train shutdown, small businesses are even more imperiled. The reckoning that Williamsburg is facing in the coming year poses several questions: is it possible for a neighborhood to reach peak gentrification? Will the real estate bubble in the area collapse? What happens in the aftermath of gentrification?

There is little literature on post-gentrification, so finding out what happens after Williamsburg’s looming potential demise is a study in progress.

Leave a Reply

Your email address will not be published. Required fields are marked *