Developer RAL Companies and Affiliates opened its doors to retailers in 2007 for its 75,000 square feet of space in One Brooklyn Bridge Park, a luxury condominium in Brooklyn Heights along the waterfront. The Real Deal reports that Ian Levine, the company’s COO and CFO, claims to be in discussions with two restaurants and a high-end market. Levine would not, however, disclose the retailers’ names or details of the possible deals. One Brooklyn Bridge Park, like many other new, luxury condominium buildings, has been struggling to fill vacancies, and vacancies have probably contributed to the lack of retail interest. The developer and the marketing firm, Winick Realty Group, are hoping that when the Brooklyn Bridge Park is complete on Pier 6, more foot traffic (currently there is little to none) will come to their isolated location along the waterfront and drum up interest in condominiums and retail space.
One Brooklyn Bridge Park in Talks with Retailers [Real Deal] GMAP
Price Cuts at One Brooklyn Bridge Park [Brownstoner]
Rentals, Price Cuts and Loan Extension at 1BBP [Brownstoner]