The Goodwill at 1104 Fulton Street in Bed Stuy is closing, workers there told us, because its landlord, well-known commercial developer Bawabeh Brothers, is building bigger.
A new five-story commercial building with stores, doctor’s offices and a school on the top two floors is planned, according to new-building permit filed last year and disapproved in January.
Bawabeh Brothers, also known as Bawabeh Realty Holdings, owns other properties along Fulton Street and was in the news last year for its plans to replace a retail strip with a nail salon and cleaners at 1347-1361 Fulton Street with upscale eateries. “Neighborhood gentrification is inevitable and moving quickly,” enthused a marketing brochure aimed at potential commercial tenants.
The block is booming with sales and development.
A few storefronts down from the Goodwill, another Bawabeh Brothers property, the one-story commercial building at 1090 Fulton that houses the Family Dollar store, sold in April for $3,825,000 to an LLC. We won’t be surprised if the new owner also plans to put up a bigger building here, but no applications for permits have been filed yet.
The property is 66 by 117 feet with tons of FAR — 4.2 — which means a building with 32,432 square feet could go up here. (It is currently 7,490 square feet, according to PropertyShark.)
Further down the block, 1082 Fulton Street sold in December to an LLC for $3,500,000. The seller, an LLC, appears to be Boaz Gilad of Brookland Capital. The buyer, another LLC, is associated with Jack Bain, a developer who built a new-construction townhouse in Gowanus.
The property is a five-story walkup with seven apartments and one store. The square footage is 6,014, but 3,814 more square feet are allowed, for a total of 9,828 square feet. Perhaps the owner will plan an addition, but no permits have been filed yet. Gilad enlarged it by 1,204 square feet in 2012.
At 1068 Fulton, an eight-story mixed-use building designed by Nataliya Donskoy with 41 apartments is replacing the former Elks Lodge building, as we have already reported.
Attempts to contact Bawabeh for more information were unsuccessful.