Downtown Brooklyn retail development eyes major athletic brand

A putting new retail undertaking is ready to affix the downtown Brooklyn improvement increase. The constructing at 555 Fulton St. by Steven Witkoff and Apollo — proven right here for the primary time — will take up the wraparound nook the place Fulton Road, DeKalb Avenue and Bond Road converge.

Designed by Beyer Blinder Belle, it is going to present one lucky tenant with extremely seen area with 7,902 sq. ft on the bottom flooring area and 6,459 extra sq. ft on the decrease degree. Groundbreaking is to happen quickly.

GoodSpace brokers Chris DeCrosta and Hank O’Donnell stated the picture isn’t fairly last. “As a result of it’s a customizable constructing, we’re going to market to see if a tenant needs to have a say within the last design,” DeCrosta stated.

They’re focusing on  athletic manufacturers akin to Nike or Adidas, “which may do $40 million to $50 million in gross sales a 12 months,” DeCrosta stated. O’Donnell chimed in, “It’s a spot to do insane enterprise.” The brokers declined to quote an asking hire.

The  space is seeing a breathless surge in industrial and residential improvement, together with Metropolis Level, a brand new Ace Resort and large residence towers by Extell, JDS and others.

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