How far can developers gentrify the artist hub of Red Hook?

In early June, the major real-estate developer Thor Equities announced that it plans to build a four-story complex in Red Hook, Brooklyn, complete with 600,000 sq. ft of office space and 23,000 sq. ft of retail and restaurant space, designed by Foster + Partners. The design is aimed, the statement says, at suitability for a TAMI (technology, advertising, media and information) tenant or other appropriate user of the space.
The news came as a surprise for some. Though Red Hook has grown in popul