Downtown Brooklyn retail development targets major sports brand

A remarkable new retail project is about to join the Downtown Brooklyn development boom . The building at 555 Fulton St. by Steven Wit...



A remarkable new retail project is about to join the Downtown Brooklyn development boom. The building at 555 Fulton St. by Steven Witkoff and Apollo – shown here for the first time – will occupy the wraparound corner where Fulton Street, DeKalb Avenue and Bond Street converge.

Designed by Beyer Blinder Belle, it will provide one lucky tenant with highly visible space with 7,902 square feet on the ground floor and an additional 6,459 square feet on the lower level. The first pickaxe should take place soon.

GoodSpace brokers Chris DeCrosta and Hank O’Donnell said the image isn’t quite final. “Because this is a customizable building, we’ll market to see if a tenant wants a say in the final design,” DeCrosta said.

They target sports brands such as Nike or Adidas, “which could make sales of $40 million to $50 million a year,” DeCrosta said. O’Donnell added: “It’s a place to do crazy business.” Brokers refused to quote an asking rent.

The area is seeing a meteoric rise in commercial and residential development, including City Point, a new Ace Hotel and giant apartment towers from Extell, JDS and others.

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Newsrust - US Top News: Downtown Brooklyn retail development targets major sports brand
Downtown Brooklyn retail development targets major sports brand
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