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Opening at the Offerman Building: Nordstrom Rack and T.J. Maxx

Attention shoppers: Nordstrom Rack and T.J. Maxx are the new arrivals at the Fulton Mall's landmarked Offerman Building. Photo by Lore Croghan

Eye On Real Estate

Brooklyn Daily Eagle

The upscaling of Fulton Mall takes another step forward this week with Nordstrom's May 1 opening at the Offerman Building.

Yeah, so Nordstrom Rack's the discount version of the posh retailer. So what? It's a big-time credit-worthy tenant. There's a Nordstrom Rack in Union Square. Now there will be one in Brooklyn, too.

Albert Laboz's United American Land has another tenant opening May 1 in the landmarked building at 505 Fulton St: Popular discounter  T.J. Maxx, which is part of a big publicly traded company.

The two newcomers join Swedish powerhouse retailer H&M, which moved in last summer to a modern glass box UAL constructed alongside the historic Offerman Building.

As construction fencing has been removed from the 1890s-vintage Romanesque Revival property, it has become ever more apparent what a superb job the developer has done restoring its exterior.

We can't wait to see what it will look like inside – especially the upstairs floors, which UAL is turning into condos, published reports indicate. Here's hoping there will be a model apartment when the condos hit the market.

Nordstrom Rack is joining the parade of big-name and national tenants that have marched into Fulton Mall in recent years, making it ever more upscale – and pushing rents along the 17-block Downtown Brooklyn retail corridor to the high $200s per square foot.

Fulton Street was Brooklyn's go-to retail place for shoppers in the 19th Century and the first half of the 20th Century. It fell on hard times in the 1970s – but by the 1990s had rebounded as a big money-maker populated by mom-and-pop electronics and jewelry stores.

In recent years, the big names that have decided to make Fulton Mall their home run the gamut from Shake Shack to Swarovski.  

A closer look at the stone details on the building facade. Photo by Lore Croghan

Men at work. Photo by Lore Croghan

Gotta be ready for the store openings. Photo by Lore Croghan

A look at the Fulton Mall, and the Offerman Building within it. Photo by Lore Croghan

The Duffield Street facade of the Offerman Building is looking good. Photo by Lore Croghan

April 30, 2014 - 12:30pm


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