Downtown Brooklyn retail development eyes major athletic brand


A striking new retail venture is established to join the downtown Brooklyn progress boom. The constructing at 555 Fulton St. by Steven Witkoff and Apollo — shown listed here for the to start with time — will just take up the wraparound corner exactly where Fulton Street, DeKalb Avenue and Bond Avenue converge.

Built by Beyer Blinder Belle, it will provide one particular fortuitous tenant with extremely obvious area with 7,902 square feet on the floor flooring place and 6,459 much more sq. feet on the reduce level. Groundbreaking is to acquire put soon.

GoodSpace brokers Chris DeCrosta and Hank O’Donnell explained the image isn’t very last. “Because it is a customizable developing, we’re heading to current market to see if a tenant desires to have a say in the ultimate style and design,” DeCrosta explained.

They are concentrating on  athletic models these types of as Nike or Adidas, “which could do $40 million to $50 million in gross sales a yr,” DeCrosta explained. O’Donnell chimed in, “It’s a spot to do insane small business.” The brokers declined to cite an asking lease.

The  area is viewing a breathless surge in commercial and residential enhancement, which include Metropolis Stage, a new Ace Lodge and huge apartment towers by Extell, JDS and some others.

Downtown Brooklyn retail development eyes major athletic brand

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