NYT story on Vanderbilt merchants waiting for prosperity

http://www.nytimes.com/2016/08/31/realestate/merchants-wait-for-the-promise-of-vanderbilt-avenue-and-wait.html

this is an interesting story. i used to live near here when they were building the stadium and i remember being very doubtful that it would bring business to vanderbilt. it brought business to flatbush, right? with seems the more obvious route. i'm not even sure flatbush exploded in the way people predicted it would either

As a result of bringing wealthy residents (as opposed to visiting arena fans), I think Pacific Park will result in lots of amenities.

Day cares.  Restaurants.  Bars.  Day spas.  Upscale wine and liquor stores.  Boutiques   

I've long said that the true boost to neighborhood businesses outside of the area immediate IVO arena wouldn't come until the residents started moving in. The neighborhood change separate but related to the Pacific Park development has already led to a healthy economy along Washington/Franklin. I only see this picking up as development moves forward. 

whynot, doesn't Prospect Heights already have all those businesses you mention?

not to the degree that it will...

I don't think anybody really thought that the Empire Mayonnaise store would have a long shelf life. 

@Barnstormer, they spread the word and whipped up the hype, so people know them, maybe they'll be back, it mayo may not have been there time.

@goldemi1 True. It seemed like it had a great location, sandwiched between the Vanderbilt and Chuko. Maybe they laid it on a little too thick. 

I think a lot of people bought it as gag gifts.

....when you own such a place, you might not care why people are buying your product. Money is often money.

I have only a little sympathy for business owners who started in a very gentrified neighborhood but were struggling because the area didn't become even more gentrified. They are complaining that their clientele consists of owners of $4m brownstones rather than $6m penthouses. 

Pacific Park is selling pretty quickly, but I think it is nature for some businesses to jump the gun.

I keep waiting for a T Rowe Price office.