The Real Deal closely examined the factors promoting and retarding the expansion of national chains into Williamsburg in its September print issue, although it didn’t dig up any definite new names. “Pricey condos and rentals are now filling up with wealthy families, who in turn are attracting high-end retailers,” said the article. Increasing density, which is bringing more foot traffic to stores, and skyrocketing residential rents also appeal to national retailers. As has already been reported, Midtown Equities and other investors are developing the $40 million, 150,000-square foot complex at 242 Bedford Avenue between North 3rd and North 4th streets, which will open in 2014 with a Whole Foods, Citibank, New York Sports Club and luxury apartments. That deal, signed in March, has prompted other big retailers to eye Williamsburg, according to brokers. As has already been rumored, J.Crew and, now, “notable restaurants” are reportedly considering 247 Bedford Avenue, across the street. Williamsburg Cinema, the new movie theater going up at Driggs and Grand, will show mainstream films on its seven screens with 1,000 stadium seats, according to The Real Deal. Furniture stores are also looking into the area, claimed one broker, since all the new arrivals need to kit out their pads. But, a serious drawback is the lack of large spaces for big-box stores. Most retail footprints in the area measure 20 by 100 feet. Nonetheless, retail rents are rising on Bedford Avenue, from about $100 a square foot 18 months ago to $150 a square foot. Retail hotness is also drifting southward. “The South side is now starting to see the rapid restaurant and bar growth that first characterized North Williamsburg’s rise,” concluded The Real Deal.
Mainstream Brands Look for Foothold in Brooklyn’s Hippest Neighborhood [TRD]
Photo by nrvlowdown
Next weekend, the third annual Brooklyn Zine Fest returns to the Brooklyn Historical Society with panels and a wide variety of publishers, artists and writers selling their wares. Panels will discuss topics like queer and trans zine writers, zine collecting and publishing zines anonymously. And over 150 zine enthusiasts will be selling self-published magazines on everything […]
Brooklyn, one building at a time. Name: Row house Address: 245 Front Street Cross Streets: Bridge and Gold Streets Neighborhood: Vinegar Hill Year Built: 1852-55 Architectural Style: Greek Revival Architect: Unknown. Landmarked: Yes, part of Vinegar Hill HD (1997) The story: Like stumbling upon Brigadoon, Vinegar Hill is hidden from most people’s view, tucked away […]
A convention center is planning to open at 79 Franklin Street in Greenpoint later this year, possibly in October, according to DNAinfo. Currently under construction, the Brooklyn Expo Center will have 28,000 square feet of space for exhibitions and meetings. There will also be a cafeteria and parking. A reader who lives nearby said it looks […]
Although obviously in need of work to turn it into living space, this has got to be one of the coolest properties for sale we’ve ever seen. There’s tons of curb appeal (or will be, pending a fresh paint job), beamed ceilings, arched windows and doors, diagonal floors and three skylights in this seemingly untouched […]
This large one-bedroom co-op at The Griffin in Fort Greene just hit the market with an asking price of $749,000. It’s a nice apartment on the eighth floor with good light and views as well as solid prewar credentials. We’d guess that this would have to be some kind of price record for a one-bedroom […]