Big Plans for Bed Stuy East Retail

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We were excited to hear from Weissman Equities about their plans to bring “retail amenities and upgraded rental units” to Bed Stuy East, in the words of Weissman Equities Acquisitions Analyst Shay Sellars. First up is a mixed use building at 426 Bainbridge Street, where renovations will start in the next two weeks. The rendering shows an organic market or cafe, juice bar, bookstore and a wine shop. We’re guessing the retail mix is a suggestion rather than set in stone, but we love the idea. Right now the retail on these blocks is sparse as well as basic —  the occasional bodega, hair salon, and Chinese takeout — but the recent success of Delhi Heights is an encouraging sign. The firm said it is in the process of buying other properties in the area, including on Malcolm X Boulevard, as well. Click through to the jump for more renderings and to see the building as it is now.

 

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15 Comment

  • Ah ha. This buying spree in East Bed Stuy supports the boost in this area as seen on the “Fast Gentrifying Neighborhood Map” posted this morning (http://gothamist.com/2013/08/20/affordability_map.php). Developers are ahead of the general home buyers in picking up reasonably priced homes in this area.

    Love this local market concept for this neighborhood and hope it comes to fruition.

  • no-permits

    quite an ambitious plan. best of luck to them.

  • This will change the area forever…

  • There are many more of these small commercial strips attached to great buildings deep in the neighborhood, waiting to be repurposed. This is one of the things I like about my neighborhood around Saratoga Park, that is has many residential buildngs with small quaint commercial spaces that can be used for eateries and cafes. The major arteries are far enough away from this area that make the area very peaceful and quiet. Even Malcolm X Blvd is fairly quiet, due to the mix of residential and commercial. Delhi heights on Decatur is one example of a nice restaurant mixed into a quiet neighborhood street.

  • this is great news. this area of east bed stuy is changing rapidly. a new burger place popped up recently around there too, i think at ralph and decatur, although it hasn’t opened yet. i don’t think it’ll be long until changes and development are happening all the way to broadway, since transportation only gets better and better as you move east from there to the J/Z line. there is a large, empty, fenced-in lot at decatur and broadway, which until recently was covered with overgrown grass, but all the grass was just cleaned up — might’ve just been an overdue summer clean-up, but i wouldn’t be surprised if that lot will be developed with commercial space soon.

  • Brownstoner these days:

    [Cate, Bed-Stuy East homeowner]: Breaking news! [something unimportant happened in Bed-Stuy East]
    [Bed-Stuy East homeowner1]: Best neighborhood ever, we even have an Indian restaurant [...]
    [Bed-Stuy East homeowner2]: Best neighborhood ever, things are really picking up e.g. Delhi Heights [...]
    [Corcoran broker]: Best neighborhood ever, did anyone mention the Indian restaurant “Delhi Heights”? [...]

    [Everyone else]: *yawn*

    • cate obviously knows who butters her bread. seriously, though, this is a brooklyn real estate blog and there has been nothing hotter in brooklyn real estate than bed stuy for months and months now. by far the most comments today are in the bed stuy threads, and this has been the case for a while.

  • Bed-Stuy East is a great place to live in, we are very thankful that Delhi Heights took a chance on our side of the world. Opening a place like that is expensive and risky and shows commitment to the neighborhood, so it is IMPORTANT to the community. Trollin, I hope you eventually find peace inside.

  • While I find the idea of new businesses opening in vacant storefronts heartening, useful, and good, I really don’t like the speed of this flip, or the number of foreclosures I see listed on Trulia in Bed Stuy and Crown Heights. I am not one to believe in conspiracies–but it’s a little harsh, this mass clearing of families who have lived in these neighborhoods forever and how fast their replacement businesses are becoming organic juice bars, wine stores, and bookshops, all of which we know from brownstone booklyn are sure-fire moneymaking businesses that will never, ever close. To look at the scale you’d think it was infinite–that every few blocks we could have another wine store, another korean taco place, another branch of Greenlight or Word and that this kind of expansion–somehow–is “good” and meaningful and sustainable. I guess I know too many families who’ve lost their storefront daycares, their fish markets, their social clubs, their hardware stores, all in the name of improvement to think that a bunch of wine stores and juice bars make a neighborhood.

    I know I’ve been one before pleading for decent coffee–and I know eastern Bed Stuy is underserved in pretty much everything–but, ugh. Another wine store. Where’s the yoga studio? Where’s the beer garden? Where’s the kombucha bar, I ask?

    • Oh Heather, the kombucha bar isn’t that just over in Park….Stuy :-)
      Cause that’s the environment that seems to be the most desired these days. I find it a bit of a shame that 75 years ago many of the current residents ancestors worked so hard to create this lovely community, and I feel like a wrecking ball is being taken to it, and all that has defined what makes Bed-Stuy wonderful is disappearing rapidly. Oh no, but I guess I’m confused and not progressive enough, also way too over protective. I’m with renting to newcomers, but I’m not OK with selling out my neighborhood and history.

    • Predatory lending, and foreclosures have been hall marks of Bed Stuy And neighborhoods like it for decades…the only difference is now the real estate is super hot and there’s a different demographic entering this loop.