With the long-awaited Barclays Center open and new residential and mixed-use development projects popping up across Downtown Brooklyn, a retail conundrum is growing along the 17-block Fulton Mall.
The national and in some cases high-end retailers moving onto the strip paint a stark contrast to the long list of mom-and-pops, local discounters and jewelry shops that once almost exclusively lined the street.
Retail Lease Beat
Nordstrom Rack is reportedly in talks to snap up the 36,000 square foot Bryant Park retail space that is currently housing an NFL pop-up store.
The retail space at 1095 Avenue of the Americas, an office tower owned by the Blackstone Group, has been used as a pop-up store by Dylan’s Candy Bar and now the NFL, which is occupying the space in part to countdown its upcoming NFL Draft.
The popular Union Square eatery The Coffee Shop has renewed its retail lease at its long time home at 27 Union Square West and also office space it has upstairs in the building.
The deal totals about 20,000 square feet and stretches for ten-years, according to Eric Gural, an executive at the real estate services firm Newmark Knight Frank who oversees leasing at the property and whose family owns the nearly 50,000-square-foot box-shaped, boutique building.