From Real Estate Focus
Resurgence in real estate development in Brooklyn today is creating growth that recalls — and even surpasses — the decades in mid-19th century when Brooklyn consolidated six towns to become an independent city. During the next half-century, which included completion of the Brooklyn Bridge (1883) and the ironic and controversial merger of Brooklyn into greater New York (1897), Kings County enjoyed unprecedented growth several decades into the new 20th Century.
Today, in the new century, it is happening again “in spades”, as a card-player might say.
From a major real estate development group comes news of a new development in a key Downtown site that sits just a stone’s throw from a few of Brooklyn’s most iconic institutions.
Winick Realty Group proudly announced that Capstone Equities has selected Executive Vice Presidents Darrell Rubens and Diana D. Boutross, along with associate Matthew Schuss, to exclusively market more than 14,000 square feet of retail at One Flatbush Avenue. Located at the corner of Flatbush and Fulton, One Flatbush Avenue is situated on the most visible corner in Brooklyn, the third largest market in the United States. With over 200 feet of signage and two floors of retail, One Flatbush Avenue offers an immeasurable opportunity for one brand to plant its flagship at the gateway to Fulton Mall and the Barclays Center.
“The amount of new development that has gone on in this area of Brooklyn is amazing, “said Rubens. “There are more new residences going up around One Flatbush Avenue than ever before and, as a result the streets are teeming with shoppers all day long. It behooves any brand to take advantage of the opportunity available at One Flatbush as this already bustling area is only going to grow stronger in the years to come.”
The retail at One Flatbush Avenue includes 14-foot ceilings on the 7,000-square-foot ground and second floors, in addition to 5,000 square feet in the basement. The store is surrounded by some of the busiest sites in the borough, including the Barclays Arena and BAM, and it is situated at the gateway to the Fulton Mall, the sixth largest shopping street in New York City with more than 100,000 shoppers per day.
More than 78,000 cars pass the site each day, while more than 11,000 people utilize the Nevins Street subway station directly in front. One Flatbush Avenue also sits directly behind Fox Square, a 6,000-square-foot public plaza maintained by the Downtown Brooklyn Partnership, giving brands the unique ability to reach countless pedestrians looking to enjoy the fountain, plantings and movable tables and chairs along the plaza.
With more than 200 feet of double-height wraparound frontage and an illuminated sign that offers more than 8,000 square feet of branding, the retail at One Flatbush cannot be missed by the dense population of professionals, students, residents and shoppers in the area.
For more information on Winick Realty Group, please visit www.winick.com.