1916: Chelsea’s housing market catches industrial windfall With local industry booming, developers were “hastening” to build up Chelsea’s housing stock, the New York Times reported 103 years ago this month. While the area had been known as a hub for metalworks and manufacturing since the mid-1800s, burgeoning publishing companies were increasingly setting up shop there. And as trades spread north from Lower Manhattan, landlords and large homeowners in the neighborhood eagerly watched. At that time, the […]
source https://therealdeal.com/issues_articles/real-estate-history-march-2019/#new_tab
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