Results tagged “degentrification”

Elizabeth Currid's new book, The Warhol Economy: How Fashion, Art, and Music Drive New York City, posits that the city's culture is the key our fiscal well-being. With insights culled from many of New York's leading players in the worlds of art, fashion and music, she draws a detailed blueprint of how these creative processes become big-money industries. Currid's thesis is that the conditions that have made New York one of the cultural capitals of...

Given the city's more nuanced real estate market, NY magazine covers "degentrification," focusing mostly on Red Hook. Adam Sternbergh chronicles the neighborhood's ups and downs - for pre-gentrifiers, the stroller set and real estate enthusiasts, of course. He tells the story through a 30 year-old named Ivy Pochoda, who grew up in Cobble Hill when "Smith Street was still too sketchy to walk home on alone." (NB: Smith Street still was sketchy into the 1990s.)...