Commercial Klutch: November Edition
Our masked commercial correspondent serves up his monthly dish…Apple is waiting for the right site. Ever since the company signed a lease on 34th Street and then Steve Jobs came to town and cancelled the whole deal, their real estate folks are freaked. Jobs didn’t think the location was ‘Apple’. So team is very cautious in BKLYN. Believe it or not, my bet is on Flatbush Avenue.
We love the Christmas Music on Fulton Mall. Heard Frank signing White Christmas, a movie we always watch every holiday season. Rather hear Bing do it, but Frank will suffice. Shake Shack news welcome. Time for a Burger Banger Taste Off. Jake’s, Five Guys, Checkers, Morton’s, Shake….. Marty M as judge? The Mall is part of the story now major retailers can’t find space. TJMaxx, Kohl’s, Best Buy trying…. Not many options. They should be looking Aeropostale opened the 19th and did gigantic numbers the first day.
Major office deals in the works in Brooklyn, from Fort Greene to MetroTech. The market has turned. Prices not moving up much, but ‘velocity’ is bubbling. Retail, condos, rentals, office, all moving more quickly. Williamsburg rentals out of control. Two Trees in dumbo, a key bellwether, had been doing a lease a week all summer. Now on a two a week pace lately. They’d had a 50% drop in inventory since spring. One last thing – which retailer is closing on Front Street in DUMBO? Inquiring minds want to know…..
Feb 17, 2012 | 11:02 AM