The Observer reports on the recent acquisition of 82 Bogart Street, an 800,000-square-foot, 200-by-400-foot warehouse off the Morgan L train stop. The developers, who paid $12.5 million, plan to turn it into “a sprawling nightlife, retail and artist gallery complex.” And of course, the Observer has to ask: Will these plans “mark the death of cool or the beginning of mainstream success in Bushwick?” (It’s worth nothing that an “artsy mall” already exists in Bushwick.) Massey Knakal, who was taken on to lease the building, is eyeing bars, restaurants, art galleries, music venues, a movie theater and retailers for the space. Rents will range from $35 and $45 per square foot, as compared to $15 a foot in other industrial buildings nearby. Currently the project is only in its conceptual stages.
A Mall Grows in Bushwick? [NY Observer]
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