« Car-Free Montague a Bust? Development Watch: 162 Myrtle Avenue »

July 7, 2008

Muss Buy: 345 Adams Retail Floors

345%20Adams%20Slide%204.jpg
Muss Development has officially sealed the deal with city for the space in 345 Adams Street that the firm intends to lease out to big-name retailers. Muss paid the Economic Development Corporation $5.77 million, according to public records, for the 35,000 square feet over two floors that the company is putting $18 million into renovating. Muss says it wants to lure two high-end tenants to the space, which until recently was mostly occupied by some Department of Finance offices. (The image above is what it'll look like after the rehab.) 345 Adams is next door to the Marriot and the future Morton's Steakhouse.
Developer to Air Out 345 Adams Street [Brownstoner]




Trackback Pings

TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/5412

Comments

This is good news for the area. I hear they are pushing away typical tenants like Staples,Duane Reade and seeking something better. Certain a top spot for APPLE. Or better clothing store.

Posted by: guest at July 7, 2008 11:45 AM

How about Apple Store and Barneys COOP?

Posted by: guest at July 7, 2008 11:58 AM

yet another example of how Metrotech is a failure.....

Posted by: guest at July 7, 2008 12:04 PM

12:04, care to expand on that?

Posted by: guest at July 7, 2008 12:18 PM

12:18 - I believe that would be called sarcasm

Posted by: guest at July 7, 2008 12:34 PM

Barney's COOP - GREAT CALL! If I could only shop in one store and had unlimited income that would be it! Would also not be opposed to any of the various home stores that you have to trek into Manhattan for (Crate & Barrel, Williams Sonoma, etc.). Also, ifs there a Sephora in Brooklyn anywhere?

Posted by: guest at July 7, 2008 12:57 PM

CITARELLA

Posted by: guest at July 7, 2008 1:06 PM

This is the building that underwent a lengthy facade repair - and when the scaffolding came down it looked liked nothing had been done.

Posted by: fexleycb at July 7, 2008 1:10 PM

i love it.

Posted by: BrooklynLove at July 7, 2008 1:12 PM

"Muss Development has officially sealed the deal...." When did this go through ULURP? Two years ago?

My prediction is that Muss will look for tenants that will cater to hotel guests.

Posted by: guest at July 7, 2008 2:02 PM

"$5.77 million"

Steal, no?

Posted by: guest at July 7, 2008 3:07 PM

Hotels guests...judges and lawyers from the nearby courthouses....brooklyn heights residents....what's the difference? They clearly intend to cater to a more upscale demographic than the demo that the Fulton Mall currently caters to.

Posted by: guest at July 7, 2008 3:10 PM

It's only a question of time at this stage before Fulton Mall upgrade (a la H&M). After all, I think that area is rapidly approaching a 'critical mass' or wealth.

Posted by: guest at July 7, 2008 3:16 PM

Q: "Hotels guests...judges and lawyers from the nearby courthouses....brooklyn heights residents....what's the difference?"

A: If Muss can keep more of his guest's dollars in establishments that rent from him, he creates a synergy that is more financially benefitial to himself, as opposed to dollars spent on Montague or Smith Street or in Manhattan. That's the difference.

Posted by: guest at July 7, 2008 3:58 PM

3:58, agreed, except that in order for those businesses to be successful he needs the 50,000 folks that live and work in the immediate vicinity that make in excess of $100k a year to support those businesses, not just the 500 or so guests that are at the Marriott at any given time. Not one or the other...both.

Posted by: guest at July 7, 2008 4:34 PM

they need to blow that wall out entirely and make the corner space a mini cooper dealership. now that would be ridic.

Posted by: BrooklynLove at July 7, 2008 7:22 PM

Tube socks. Endless bags of tubesocks.

Posted by: guest at July 7, 2008 11:15 PM

Vespa dealer

Posted by: guest at July 8, 2008 7:22 AM

Post a comment

Please be patient while your comment is published. It may take a moment.

Latest Restaurant Additions