The rise of Karak"oy: Istanbul’s hippest neighbourhood Edging the water on the **rthern side of Istanbul’s Galata Bridge, Karaköy is an exhilarating and contradictory neighbourhood within Beyoglu where tradesmen’s workshops share narrow streets with chic cafes and galleries, and where bohemian boutiques coexist alongside traditional pastaneler (bakeries). In many ways, it’s a microcosm of modern Istanbul. The inexorable process of gentrification is well…