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The Full Nelson: Follow The Galleries

1/12/2012 10:20:41 AM/ Massey Knakal/ News

In the late 1990s,West Chelsea properties values were less than a tenth of what they are today. The game changer for the area was the arrival of the art galleries which were pushed out of SoHo. Following them were trendy restaurants, luxury residential, and most recently the Highline. Now the area is becoming too expensive for many galleries.  Many are moving to the north, the Lower Eastside, and now Bushwick, Brooklyn.

According to Crain’s, in the last year alone, three cafés, two bars, one organic grocer and several other retail businesses have opened in Bushwick.  More galleries have also arrived. In December, the 950 Hart Gallery opened joining Factory Fresh at1053 Flushing Ave., English Kills at114 Forrest St., and more than a dozen others that have opened in recent years.

Crain’s goes on to say “the main reason they're moving in is simple: Bushwick is relatively convenient to get to, and it's cheap. While the average one-bedroom apartment in Williamsburg rented for about $2,400 per month in 2010, the average one-bedroom in Bushwick went for about $1,300. And while that sum is up 63% from an average of $800 four years ago, it still represents a New York bargain.”

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Neighborhoods: Bushwick