ABC’s The View featured the top five up-and-coming areas in the country, according to Barbara Corcoran, founder of the Corcoran Group, a large New York real estate firm. Her list:
Albuquerque’s EDO, short for East Downtown – “An Urban Revolution” (a model for small city revitalization)
Downtown Detroit “A City Reborn” (still getting there)
Del Ray, Virginia – “Where Main Street Still Exists” (already an established neighborhood)
The Red Hook section of Brooklyn “A Red Hot Revolution” (a haven for entrepreneurs and creatives, though gentrifying fast)
Coeur d’Alene, Idaho – “The Playground of the Northwest” (though not a CoolTown)
Also check out her How to Spot on Up-and-Coming Area Before the Whole Town Knows 24-step checklist. Of course, #1 is follow the creative types, though her description associates creatives with a certain demographic perhaps a bit too strong for many. The first 5 are CoolTown guidelines, but the ones after that mainly relate to deal-making, especially #6 (not recommended if you don’t like it).
What do you know about these areas? Please comment below…