Bushwick, sandwiched between Williamsburg and Bedford-Stuyvesant, has long enjoyed the epithet "up-and-coming"-"emerging" even. But is Brooklyn's new frontier ready for the Knickerbocker?
A third-generation family of grocers had owned the Scaturro Supermarket at 320 Knickerbocker Avenue since the 1970s. Although the residential space above it has been empty for 20 years, the market operated profitably until 2007, when Charles Scaturro heeded the call of rising prices and put it up for sale.
In the heady days of New York real estate, Hudson Companies--with a 26-year history of doing deals in marginal neighborhoods--bought this complex of nine buildings, with their crumbling Italianate arches and keystones. read more »