Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Real estate community and hipsters rejoice over canceled L train shutdown

The L train shutdown isn’t happening anymore, and the real estate community is thrilled. 
 
 
There’s a unique sense of relief when a subway train that’s “being held momentarily” finally starts rolling forward.
 
And it was with a similar rush of comfort that Brooklyn real estate players welcomed the news Thursday that the L train shutdown won’t be as bad as originally thought.
 
“Even with all the planning and the additional ferry service and additional bus service, it would have been very challenging for the 200,000 plus commuters,” said Toby Moskovits, president and founder of the real estate investment firm Heritage Equity Partners. “I think this is a great win.”
 
When the Metropolitan Transit Authority announced in 2016 that it would need to fully close the tunnel carrying the L train under the East River for more than a year, anxiety about how this would impact real estate — particularly residential rents — pervaded.
 
So it came as a welcome relief to real estate players on Thursday, when Gov. Andrew Cuomo unveiled a new plan under which work on the tunnel would only be done nights and weekends. The tunnel was due to close in April prior to his announcement.
 
Many in the world of Brooklyn real estate portrayed this as a ... more

__________________________________________________
Are you on The Rain? Grow Your Network!