Dumbo Case Analysis

Hw Assignment 3 Two Trees 1) Continue native growth in Dumbo Rent vs. Sell? Walenta should keep on organic growth in Dumbo. I intrust that he should rent the space that he has this way he continues to bind a foot in the neighbourhood as it expands. As we know living in Manhattan has become very expensive and plenty ar going right over the bridge to re-establish themselves and their business. It would be critical for Walenta to stay in Dumbo and continue to lease an effect in the expansion of the neighborhood homes/businesses. 2) Develop a new neighborhood.I believe in that respect is much potential in Red Hook and Walenta should develop a new neighborhood there. It has the similar industrial/neighborhood feel that Dumbo has. This neighborhood has the potential to become like Dumbo and possibly even greater. The neighborhood is slightly larger than Dumbo and he would be able to buy and expand more. 3) Become partner in tenants businesses. As a fall back he should decide to p artner up with a bitstock of tenants businesses. As we know, the real estate industry has gone through many ups and razes in the last few decades.It is important for him to have something else to fall back on. The only thing he would have to consider is that if he decides to enter into these businesses if real estate does go down the businesses might slow down as well. 4) Encourage establishment of new businesses in Dumbo. Establishment of new businesses should be encouraged in Dumbo. It is definitally an up and coming neighborhood. People who dont want to spend the money in the urban center look to come over the bridge to spend a little less and still have the same quality and feel.Also as more people move in the more new businesses are needy. I believe that another big reason people are coming to Brooklyn because it allows them to live the city life but also have a community feel, something that is hard to come by in NYC. NYC is very overcrowded and many of the neighborhoods d ont have a community feel because of this. Brooklyn has the space and qualification to make the neighborhood feel like a community. Small businesses will attract these city goers looking for for a homey feel with the quality of life like that in the city.