The Jay Street Connecting Railroad ran through Dumbo's waterfront from circa 1904–1906 through 1957. The cardboard box was invented in the Robert Gair building on Washington Street by Robert Gair, a Scottish emigrant because of Gair's fame, the area was known as Gairsville for a long time. At that time, it was primarily a manufacturing district, with warehouses and factories that made machinery, paper boxes, spices and Brillo soap pads. In the 1890s, the western portion of the neighborhood was known as Fulton Landing, after the ferry stop that connected it to Manhattan before the Brooklyn Bridge opened. Through the 18th and 19th centuries, the area now known as Dumbo was considered part of Vinegar Hill. The "Olympia" name came from Comfort and Joshua Sands, who bought the land in 1787 and were planning to develop the land as a summer place for New Yorkers. The area has been known variously as Rapailie, Olympia, and Walentasville the developer who began its current gentrification is Two Trees Management, led at the time by David Walentas. The name is an acronym of "Down Under the Manhattan Bridge Overpass". The Manhattan Bridge, framing the Empire State Building beneath, as seen from Washington Street The neighborhood is the corporate headquarters for e-commerce retailer Etsy and home furnishing stores company West Elm. In that time, Dumbo had become Brooklyn's most expensive neighborhood, as well as New York City's fourth-richest community overall this is owing in part to its large concentration of technology startups, its close proximity to Manhattan, and its large number of former industrial buildings that have been converted into spacious luxury residential lofts. The large community of tech startups earned Dumbo the nickname of "the center of the Brooklyn Tech Triangle". The entirety of Dumbo was bought by developer David Walentas and his company Two Trees Management in the late 20th century, and remade into an upscale residential and commercial community-first becoming a haven for art galleries, and currently a center for technology startups. The area was originally a ferry landing, characterized by 19th- and early 20th-century industrial and warehouse buildings, Belgian block streets, and its location on the East River by the imposing anchorage of the Manhattan Bridge. Dumbo is part of Brooklyn Community Board 2. The neighborhood is bounded by Brooklyn Bridge Park to the north, the Brooklyn Bridge to the west, Brooklyn Heights to the south and Vinegar Hill to the east. It encompasses two sections: one located between the Manhattan and Brooklyn Bridges, which connect Brooklyn to Manhattan across the East River, and another that continues east from the Manhattan Bridge to the Vinegar Hill area. Roughly bounded by Main and Washington Sts, East River, John St., Bridge and Jay Sts., and Front and York Sts., Brooklyn, New YorkĤ0☄2′11″N 73★9′17″W / 40.70306°N 73.98806°W / 40.70306 -73.98806ĭumbo (or DUMBO, short for Down Under the Manhattan Bridge Overpass) is a neighborhood in the New York City borough of Brooklyn.
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