"Some 1,000 artists and arts organizations are now working in the Dumbo section of Brooklyn, courtesy of the developers David Walentas and his son, Jed, partners in Two Trees Management. Operating on the principle that cultural ferment makes a neighborhood hot, Two Trees has offered creative people rents that they cannot refuse.
"It adds value to any neighborhood," David Walentas said..."it's like good architecture. Good architecture is cheap and adds value. People will pay a premium for it."
Little by little, some developers in Allentown are catching on to the idea that making room for the arts can add value to their projects. It can even earn them some free advertising. We certainly have a lot of former industrial buildings, like the ones shown here, with the potential to become exciting creative spaces. Some building owners in Allentown have already taken the plunge. I'll tell you about one of them in an upcoming post.