A team from Winick Realty Group is exclusively marketing 14,000 square feet of retail space at 1 Flatbush Avenue, The Commercial Observer has learned.
Winick Vice President Darrell Rubens and Senior Managing Director Diana D. Boutross are marketing the space on behalf of Capstone Equities. It includes 7,000 square feet on the ground level, 7,000 square feet on the second floor. There is also a 5,000-square-foot basement.
The address, which Winick describes as the “Gateway to Fulton Mall,” is on the highly trafficked corner of Flatbush Avenue and the Fulton Street pedestrian plaza lined by stores including Armani Exchange, Century 21, H&M, Macy’s, Target and Victoria’s Secret.
“Williamsburg is cool, but it doesn’t have big box retailers like this area,” said Mr. Rubens. “And every major tenant there is expanding.”
1 Flatbush Avenue is located right by the entrance to the 2, 3, 4 and 5 train subway station at Nevins Street. More than 11,000 passengers use that station each day, and over 78,000 cars pass by the site daily. It’s also near the Barclays Center and the Brooklyn Academy of Music. “I can admit that I hadn’t been to this part of Brooklyn much before the Barclays Center opened. It was under construction when this project began and has had an amazing impact since it opened.”
“There’s huge visibility,” Mr. Rubens said. “Including 200 feet of frontage and 8,000 square feet of illuminated signage. It’s not only a retail location, but also a billboard.”
Mr. Rubens said there was a strong push at the property for apparel and major restaurant tenants. A Shake Shack–the first in Brooklyn–opened in the Fulton Mall in December 2011. Danny Meyer‘s burger empire will expand to 170 Flatbush Avenue, right by the Barclays Center, this fall.