"All of this growth necessitates a conversation about, and a real commitment to, infrastructure. The original plan for Downtown Brooklyn was for office space, we ended up with residential," he said. "It's been very helpful for the borough, because it helps keep affordable--all that supply means that other parts of Brooklyn won't become unaffordable as new residents are given the option of living in Downtown Brooklyn. But you need new schools. You need additional sanitation service. You need more open space."
He went on to tout the transit infrastructure in Downtown Brooklyn and then the mayor's proposed BQX streetcar (backed, by the way, by developers in the DBP as well as Reed's old employer, Two Trees).
Back to luxury housing
Sounds like his embrace of the "iconic" office building proposed for Site 5 of Atlantic Yards/Pacific Park.
"We need to be building four or five of those [residential towers] every month just to keep pace with what's coming," he said, citing the demand for housing. Well, that's if luxury housing is the solution to a seemingly intractable problem.
"The reality is the vast majority of product being built in Downtown Brooklyn is not luxury housing, it's rental," responded Reed, setting a rather fine distinction between luxury condos and market-rate rentals. "Many of them have affordable components. So we don't really have a deep luxury condo market yet."
What's Reed doing next?
Based on the path of his predecessor, Joe Chan, Reed could go to Empire State Development, the state authority that oversees/shepherds Atlantic Yards. Or if he's working on office creation, perhaps he'll intersect some day with the Site 5 project.