Glassy New Retail-Condo in the Works Downtown
The plan to bring a 600,000-square-foot development to Fulton Street is apparently moving forward. In recent weeks, developer United American Land has filed air rights agreements in city records for the block bounded by Fulton, Duffield, Willoughby and Bridge streets. The firm, headed by Al Laboz, co-chairman of the Fulton Mall Improvement Association, intends to…
The plan to bring a 600,000-square-foot development to Fulton Street is apparently moving forward. In recent weeks, developer United American Land has filed air rights agreements in city records for the block bounded by Fulton, Duffield, Willoughby and Bridge streets. The firm, headed by Al Laboz, co-chairman of the Fulton Mall Improvement Association, intends to attract a national retailer to the building, have luxury condos on top floors, and preserve the landmark 505 Fulton Street as part of the project. The above rendering for the property appears on United American’s website, but the company’s principals would not comment on the development. UA’s plan has stirred controversy because United American has been giving longtime businesses the boot in order to make way for the project. GMAP
Rendering from United American Land’s website.
Perfect example of why FAR regs should be negotiable to meet the height of neighboring (much older) buildings. I edited the image in Photoshop to show the difference two more floors would make:
Copy + Paste
http://i139.photobucket.com/albums/q286/urbsinhorto/united-american-fulton_new.jpg
How about a 150,000 sq ft Olive Garden.
Or a maybe a shoe store?
That’s will fit right in with this huge waste of glass.
LOVEly.
I agree that downtown Brooklyn will continue to improve. Sorry to all the folks who just bought at the nearby Belltel. Great historic, refurbished building but weird unit layouts and middle of the road finish and fixtures.
10:14 here – of course there will be development in 2008 – but I am sorry but I don’t think that 2008 is the year that luxury condos and high end retail comes smack in the middle of the Fulton Mall.
This is a risky development (never been done before) under the best of circumstances, I seriously doubt that anyone is going to finance this (on pure speculation) when there is essentially no housing on the Mall, a ton of projects are going up along Flatbush (and sales have slowed) and financing is apparently drying up in more ‘proven’ spots like on Myrtle.
Maybe after the Albee Sq Development sells out and after some of the existing buildings along the mall are converted into residences and a market/price can be established, then you got a shot. Today- I seriously doubt it.
I’d like to see a bank!!!!
Cellphone store.
Restoration Hardware would be nice.
Or Crate and Barrel.
Just name the new development “Martin’s” as an ode to the store that occupied the site of the historic building until the late 1970’s. It was Brooklyn’s version of B. Altman’s. High end shopping….on Fulton Street….
Hopefully a store that would appeal to both the office workers in MetroTech and the Brooklyn residents who travel to downtown Brooklyn by the bus and subway.