Really? The cost of real estate in Bushwick has gone through the roof over the last 10 yeas and particularly in the last 5. When I moved to Bushwick 6 years ago my the rent for my 3 bedroom apartment was 1800, there were other options in that range, as well as similarly priced apartments in Crown Heights. Look at the prices today and the rents in those areas have almost doubled. The New York real estate market is insane right now and people are already investing in areas like East New York hoping that the gentrification and rising rents keep moving eastward. Commercial rent is less expensive than residential and people do great things in NYC but a giant space in Bushwick is going to be very expensive right now and you're going to have to be good at turning a profit to keep the lights on.

That said I'm really curious what just opened up in Bushwick that matches the description of the social club in the article.