As The Alley Grows, Silicon Beach Gets Hotter

 Dumbo Silicon BeachIt’s no surprise that Silicon Alley has gotten so much mileage here at NY Tech Blog. Every week features news about how it’s either growing, overheating, or sucking in VC money at an astonishing rate. But there’s competition rising fast in the East Coast and it’s not Boston.

A lovely, less frantic stretch of real estate along Brooklyn has seen its reputation grow in the eyes of real estate agents. Noting the conspicuous number of startups who’ve been opening business (i.e. Creative Carrot, Etsy, and Big Spaceship), the cluster of buildings better known as Dumbo has earned the new moniker Silicon Beach. Others even prefer calling it the Digital District. While this is an encouraging development in relation to New York’s undisrupted rise as a tech mecca, it also makes people wonder if the real estate business is adding to the aura of tech that’s glowing ever brighter over New York. Maybe they are.

As real estate columnist Emily Geminder notes, Silicon Beach is the newest handle to a corner of the Big Apple that has been in constant flux for the better part of a century. Click on the source link below to see her article and its accompanying slide show. It also features a wonderful and terse blurb from Creative Carrot’s Mike Germano who declared early last year that “Silicon Alley is dead.”

Via: New York Observer