By Linda Collins Brooklyn Daily Eagle
The Fulton Mall in Downtown Brooklyn, which has undergone many physical and tenant changes over the past few years, will now also be home to a Swarovski crystal store.
The well-known manufacturer and retailer of crystalline figurines and jewelry, will open its first Brooklyn boutique at 490 Fulton St. The international retailer has leased 2,500 square feet of street-level space in the five-story, 250,000-square-foot building owned by Crown Acquisitions and certain funds within Perella Weinberg Partners, a financial services provider, and its Asset-Based Value Strategy.
The Swarovski transaction nearly completes the lease-up of the building, according to Stanley Chera, principal of Crown Acquisitions, whose company has owned and operated retail properties in the Fulton Mall area for more than 50 years.
“The Swarovski lease speaks volumes on the transformation of the area into one of the city’s premier shopping destinations,” said Isaac Chera, also of Crown Acquisitions.
Also at the 490 Fulton St. building are an Express store and Seattle’s Best coffee, both at street level, plus Planet Fitness and Raymour & Flanigan furniture on the second floor and, on the top three floors, Long Island University’s newest graduate student housing — occupied since last September — in 120,000 square feet of space.
According to Chera, Express is already open in a 10,000-square-foot space; Planet Fitness, in 18,000 square feet, will open by month’s end; Seattle’s Best is already open in 1,500 square foot; and Raymour & Flanigan will open soon in 28,000 square feet
“The Swarovski boutique, which will house the whole range of its crystalline works of art — from couture jewelry to consumer products, including decorative objects and chandeliers — will open by the end of 2012m” said Chera.
Swarovski was represented by RKF in the lease negotiations with the landlord.
Only a small retail space on the main floor remains available for lease, according to Chera.
Among the changes on the mall are the lighting, seating and repaving, and the addition of a new plaza at Albee Square.
In addition to Swarovski, Express and Raymour & Flanigan, the growing list of national and international brands that have come (or will be coming) to the Fulton Mall includes Century 21, Armani Exchange, The Gap, H&M, TJ Max and Aeropostale.
Nearby, at Willoughby and Adams streets, near the entrance to the mall, are Shake Shack and Panera Bread.
September 25, 2012 - 9:45am