Banks have so much power over how development occurs in a city. There are few loan programs out there for small commercial proposals where the profit margin is small. Without it, it's hard to get the momentum to get a business going. Property prices are low on Ives Street, at least relative to the rest of the East Side, reflecting the area's changing demographics and character. The drug problem of several years ago caused a drop in values, but things are improving, and the street is on an upswing now.
Many houses have been rehabbed, it's convenient, and there's ample parking.