The 300,000-square-foot Triangle Junction development in Flatbush had been having a bit of trouble finding tenants, the New York Times reports, until Target saved the day. The idea was to “rejuvenate an anemic mix of mostly small retailers at Flatbush and Nostrand Avenues,” but since the two-story, 225,000-square-foot Target — the company’s largest — signed up in April, more chains are trickling in: David’s Bridal, Children’s Place, Payless ShoeSource, and Applebee’s. Two ground floor spots are still open, and rents are rising all around the area; retail space rents “within a two-block radius of the intersection have doubled, or in some cases tripled, over the last two years, to about $100 a square foot annually,” according to the Times.
Big Stores in Odd Shapes Arriving in Brooklyn [NY Times]
Flatbush Junction Target Coming Soon [Brownstoner]
Photo from BrooklynJunction.