Via, Brooklyn 11211, who thinks this article from Crains is a bunch of baloney, “the trophy for the Brooklyn project that has had the most transformative impact goes to the renovation of Greenpoint/Williamsburg’s McCarren Park Pool.”

Does this surprise you given the bad behavior and poop issues following the pool’s opening last year?

According to Eastern Consolidated who created the report, the “transformative impact” refers to real estate in terms of the price of land and buildings. The article stated that:

In terms of land sales, there were 14 within half a mile of McCarren Park in the last two years, with an average price $10.8 million. That compares to 10 deals within half a mile of the Barclays Center, where prices only averaged $2.6 million. The volume of multi-family properties around the park also outpaced the Barclays Center’s with about $95 million in sales in both 2011 and 2012 in the area around the park, compared to roughly $85 million near the arena in 2011 and $41 million in 2012. The average price for the former was a little over $490 a foot, compared to $400 a foot near Barclays.

Cainns goes on to report that Barclay’s outscored the pool in terms of retail development.


Brooklyn 11211 argues that “I’d bet that the prior redevelopment, not to mention the massive rezoning of the area in 2005, had a lot more to do with the price of development sites in the area than a few million gallons of water in a pool do (as fantastic as that pool might be).”

While the pool may just be that – a pool, in terms of amenities it’s much more of a value to the local community than a big rusty looking arena that draws a crowd from outside of the area. Let’s not forget the actual park, which has been renovated on the northern end and also has a great running track and work-out area. Considering the high real estate values of areas surrounding Prospect and Central Parks, it makes sense that as Greenpoint and Williamsburg continue to develop that the housing prices around McCarren Park will follow that same pattern.

Do you think the pool is a valuable asset to the North Brooklyn community?

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